Infratil completes acquisition of stake in Pacific Radiology
Infratil has confirmed that the acquisition of Pacific Radiology has been completed for a total cash equity consideration of NZD313.6 million (US$227.79 million). The estimate includes transaction costs and is subject to the post-completion adjustments for working capital and net debt.
The ownership stake in Pacific Radiology will be between 54.1% and 56.2%, the final stake will be confirmed by doctor and management shareholdings. The company provides private diagnostic services in New Zealand, operating in 46 clinics.
The conditional agreement for the acquisition was announced by Infratil on April 29, 2021.
Country updates
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May 04, 2021
Infratil to acquire majority stake in Pacific Radiology
Infratil Limited has announced a conditional agreement to acquire between 50.1% and 60% of Pacific Radiology Group Limited (Pacific Radiology) from existing Doctor shareholders, for total conside...
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