Blue Sea Capital Closes Oversubscribed Continuation Vehicle for One Physics
Blue Sea Capital has closed its first continuation vehicle to extend its partnership with One Physics LLC. The transaction was significantly oversubscribed and led by Apogem Capital, Churchill Asset Management, Dextra Partners, and Future Standard, among others. Both Blue Sea and One Physics management reinvested in the deal, reflecting confidence in the company’s growth trajectory. One Physics is a leading provider of outsourced medical physics services across North America, serving over 7,000 healthcare client sites nationwide through more than 210 physicists. The continuation vehicle aims to provide liquidity for existing investors and additional capital for strategic acquisitions and organic growth initiatives. Since Blue Sea’s initial investment in 2019, One Physics has completed 22 acquisitions and expanded its national footprint with seven residency programs across diagnostic and therapy medical physics.
Topics: capital raising medical physics services private equity