Bell Gully has advised the sellers on the sale of three leading Auckland radiology groups to Australian listed medical imaging company Integral Diagnostics (ASX: IDX).
Integral has acquired Radiology Group, Trinity MRI and Cavendish Radiology for NZ$105 million on a cash and debt-free basis. The three businesses operate four specialist radiology clinics in Auckland, and are market leaders in providing complex diagnostic imaging including MRI, CT and SPECT (nuclear medicine).
The vendors’ New Zealand legal team was led by Bell Gully corporate partners Anna Buchly and Chris Goddard.
The acquisition is subject to conditions and is expected to complete in July 2018.