Group led by Sweden's EQT close to buying Australia's I-MED - Reuters
A consortium led by Swedish private equity firm EQT is in the final stage of talks to buy Australia's I-MED, the radiology group said on Tuesday, in a deal that could be worth more than A$400 million (US$360.70 million), reports Reuters. Canadian pension fund the Caisse de dépôt et placement du Québec and Singapore's GIC will be investing with EQT in Australia's biggest radiology provider, the company said. I-MED, which runs 200 clinics across Australia and provides radiology services including X-ray and ultrasound, is currently held by over 20 owners - largely hedge funds - including Anchorage Capital Group and Fortress Investment Group, an I-MED spokesman said.
25 February 2014•1 min read
