Smart Choice MRI, a Mequon, Wis.-based provider of Magnetic Resonance Imaging (MRIs) solutions, raised $6.5m in growth capital.
F Street Capital, LLC, with a core group of legacy and new investors, led the financing round with $2.5m.
The company intends to use the funds for national expansion plans starting from Chicago.
Led by Rick Anderson, CEO, Smart Choice MRI provides Magnetic Resonance Imaging to every patient for a fee of $600 or less, which includes the cost of the scan as well as its interpretation by radiologists from Cleveland Clinic. The company is accredited by the American College of Radiology and accepts major insurance company programs, including United Health Care, Anthem and Humana. It has clinics in Milwaukee, Sheboygan, Richfield, Waukesha, Kenosha and Appleton.