Life Healthcare to acquire UK-based Alliance Medical
16 November 2016 - 14:05
Private hospital owner Life Healthcare is acquiring UK-based diagnostic imaging specialist Alliance Medical for about R10.4bn, it said on Wednesday. "Alliance Medical is unique in Western Europe in terms of its vertically integrated model providing services across the molecular imaging value chain ranging from radiopharmaceutical production to scanning services provision and results reporting," Life Healthcare said. It is acquiring 95% of Alliance Medical by paying an initial cash amount of £553m and up to £40m later depending on the UK company’s financial performance.
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