Signify Premium Insight: Private Equity Firm Sets Sights on Teleradiology
Published: May 12, 2023
Medica, one of the UK’s leading teleradiology firms, recently announced that it is set to be acquired by private-equity investor IK Investment Partners.
The private equity firm is set to acquire the teleradiology reading provider, under a wholly owned subsidiary called Bidco. Under Bidco’s ownership Medica is expected to be able to invest additional resource into personnel, technology and additional capabilities in a bid to better serve existing customers, as well as capturing new ones.
The deal is valued at $336m, representing a 32.5% premium on the firm’s share price when the offer was made, and is expected to close towards the end of the second quarter.
The Signify View
Read the full insight with a Signify Premium Insights – Medical Imaging subscription
Sign up for a free trial today.
Already have an account? Sign in here