Cascadia Capital Advises Heritage Imaging on its Acquisition by Align Capital Partners

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Cascadia Capital, an independent investment bank serving middle-market clients globally, is pleased to announce that it served as the exclusive financial advisor to Heritage Imaging (“Heritage” or the “Company”) on its acquisition by Align Capital Partners (“Align”).

Founded in 1989, Heritage delivers advanced diagnostic imaging solutions to hospitals and other clinical settings across 14 states, with a particular focus on underserved and rural markets. By supporting critical access hospitals, community clinics and local healthcare centers, the Company helps improve access to care while reducing patient travel time. The Company’s service offerings include PET/CT, MRI, nuclear medicine, ultrasound, echocardiography, and additional imaging modalities, delivered through fully staffed mobile solutions and leased equipment offerings.

“Heritage was established to help hospitals provide the best possible experience and outcomes for patients, no matter where they live,” said Dr. Steve Coppess, CEO of Heritage Imaging. “While we have significantly expanded our reach over the years, we are excited to partner with Align Capital Partners to further extend our impact. Align’s operational resources and proven track record of successful M&A make them a great fit to help us reach our goals faster.”

“Heritage has built a strong reputation as a trusted imaging partner to hospitals operating in rural America,” said Rob Langley, Managing Partner at Align Capital Partners. “The Company’s history of M&A, long-term customer relationships and operational reliability aligns well with Align’s experience of partnering with differentiated, route-based service providers. We’re excited to back this dynamic team with additional resources, and ultimately improve access to healthcare.”

“This transaction highlights the continued momentum behind outsourced diagnostic imaging services,” said Adam Stormoen, Managing Director at Cascadia Capital. “Heritage has built a leading platform with a strong reputation for quality and reliability and Align is an ideal partner to support the Company’s next phase of growth. It was a pleasure working with the Heritage team on a successful outcome, and we look forward to seeing what the business accomplishes in this next chapter.”

“Cascadia was an outstanding partner throughout this process,” added Dr. Coppess. “Their deep healthcare services expertise, thoughtful strategic guidance, and disciplined execution helped us identify the right partner for Heritage’s future. Align shares our long-term vision for the business, and we are excited for the opportunities ahead.”