Royal Health, a provider of radiology workflow automation software solutions, announced that it has secured minority equity funds from HealthQuest Capital, a growth capital firm that concentrates on transformative healthcare companies.
According to the Royal Health official press statement, although the funding amount remains undisclosed, the recapitalization resulted in an almost eightfold increase in enterprise valuation since the entry of Royal Health’s 2019 investors.
With the fresh funds, Royal Health intends to scale up its operations, enhance its radiology practice management software solutions offerings, and promote expansion in both U.S. and international markets.
Earlier this month, Royal Health announced that it was selected by LucidHealth to support its multi-state outpatient imaging center operations with a seamless, single-vendor platform for comprehensive radiology services.