Permira lays out plans for Australia’s I-MED

The private equity firm plans to expand the diagnostic imaging services firm in Australia and overseas after beating Chinese bidders by offering funding certainty and global expertise.

British-based private equity firm Permira said it had agreed to buy I-MED Radiology Network and plans to help it expand using experience gleaned investing about A$1.5 billion 1 billion of equity in the healthcare sector. 

Permira beat off competition from a mix of Chinese strategic buyers and other private equity firms for Australia’s largest diagnostic imaging services firm.

“We had speed and certainty of funding and we can guide I-MED on global best practice and global growth opportunities,” Alex Emery, head of Permira Asia told FinanceAsia.

Goldman Sachs is arranging the funding for Permira. Neither party disclosed the price agreed,...

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