Radiology Business September 25, 2024
Private equity firm Affinity Equity Partners is acquiring radiology services provider Lumus Imaging for about $658 million (USD), the two announced Monday.
St Leonards, Australia-based healthcare company Healius Limited is the seller, unloading the country’s third largest diagnostic imaging provider to the highest bidder. Around for over 30 years, Lumus Imaging operates a network of independent radiologists, employing 2,000 imaging experts and support staff across 150 care sites.
Hong Kong-headquartered Affinity Partners—which has $14 billion in assets and funds under management—had been seeking an entry into the Australian market. The country’s healthcare sector is attractive to investors, due to it being highly regulated with substantial government funding, PitchBook reported.
“Lumus Imaging is an exceptional business, which aligns to...
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