Odyssey Investment Partners, LLC has entered into a definitive agreement to acquire One Call Medical, Inc., a Parsippany, New Jersey-based provider of diagnostic imaging scheduling and radiology network management to the workers’ compensation industry, from TA Associates.
One Call’s senior management team, led by Kent Spafford, Chairman and Chief Executive Officer, and including Don Duford, President and Chief Operating Officer, and Warren Green, Chief Financial Officer, is also investing in the transaction and will continue to lead the company under the new ownership.
Commenting on the deal, Mr. Spafford was reported to say: “We will continue to invest in the people, infrastructure and systems required to provide differentiated value to our payer and imaging provider partners”.
The Financial terms of the acquisition, whose completion is expected before the end of the year, were not disclosed. It was reported that Bank of Ireland and General Electric Capital Corporation are providing financing in support of this transaction.