Buyout Desk
Recap

Blue Sea Capital backs One Physics

Since the sponsor's initial investment in 2019, the medical physics firm has expanded through 22 acquisitions to serve over 7,000 client sites nationwide.

An oversubscribed continuation vehicle led by Apogem Capital, Churchill Asset Management, Dextra Partners, and Future Standard provided Blue Sea Capital with additional capital to extend its partnership with One Physics, a provider of outsourced medical physics services to hospitals, healthcare systems, imaging centers and cancer care groups.

“We are thrilled to continue our partnership with Blue Sea and are well positioned to continue our acquisition strategy and capitalize on the attractive market opportunity before us,” said Jason Schneck, CEO of One Physics.

Blue Sea and One Physics’ management team reinvested in the transaction, and the company also runs seven residency programs in diagnostic and therapy medical physics.

Deal facts

Target
One Physics
Buyer
Blue Sea Capital
Deal type
Recap
Headquarters
United States
Status
Completed
Announced
Thursday, July 30, 2026

Sources

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