SC&H Capital Advises Medical Physics Companies – Associates in Medical Physics & Radiation Management Associates in Sale to L2 CAPITAL

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Updated on: March 29, 2024

SC&H Capital continues to find success in the healthcare investment banking and advisory space.

SC&H Capital, the investment banking and advisory arm of SC&H Group, announced today the acquisition of its clients, Associates in Medical Physics, LLC (AMP) and Radiation Management Associates, LLC (RMA), by L2 Capital Partners.

Based in Lanham, Md., AMP and RMA are providers of medical physics services to the healthcare community and were founded more than 20 years ago by Betty Cameron, a former registered nurse and President of RMA, and Arnold Able, a physicist and President of AMP.

L2 Capital Partners is a Devon, Pa.- based private equity family office focused on investments in privately owned lower middle market businesses.

“We are pleased with the opportunity to partner with L2 Capital in support of our future initiatives at AMP and RMA,” Able said. “Betty and I are confident that we have found the right partner who will contribute towards our continued focus on providing the highest quality of medical physics support to our clients and attracting the most talented workforce.”

AMP and RMA provide highly technical staff to oncology centers and hospitals to support their cancer practices. The employees include PhD level clinical and diagnostic medical physicists, medical dosimetrists, and other technical staff who support oncologists in designing and executing radiation-based cancer treatment plans.

AMP also provides diagnostic testing services on machines, such as MRI and CT scanners, to ensure these devices are of high imaging quality and are delivering the correct levels of radiation to the patient. Since inception, the companies have grown to a workforce of nearly 100 employees. Following the transaction, Able will continue to run the combined businesses as the Chief Executive Officer.

“The deal will provide AMP and RMA the capital needed to expand their businesses into other states, and places L2 Capital in the middle of a rapidly growing health care niche,” said Gregory Hogan, Director, SC&H Capital. “We were thrilled with the opportunity to assist the shareholders of AMP and RMA to ensure the companies’ future growth and continued dedication to its employees and clients.”

“Greg and his team at SC&H Capital provided us with consistent and useful advice in navigating a complex transaction process,” Cameron said. “We are pleased with the results of the process and look forward to our partnership with L2 and the continued success of the companies going forward.”

The AMP/RMA transaction is the latest healthcare advisory deal for SC&H Capital and represents the second successful engagement in the medical physics industry following the sale of Towson, Md.-based Krueger Gilbert Health Physics Inc. to Seneca Creek Partners. Terms of the transaction were not disclosed. The companies were advised by Shulman, Rogers, Gandal, Pordy & Ecker P.A. on the transaction and received accounting support from E. Cohen & Company.

About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, is an investment banking and advisory firm providing merger and acquisition (M&A), employee stock ownership plan (ESOP), capital raising, and business valuation solutions to middle market and growth companies nationwide. SC&H Capital delivers investment banking and advisory services across numerous industries including technology, healthcare, manufacturing, and government contracting to help owners achieve their exit planning goals and liquidity objectives. Learn more at

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