New York-based private equity firm Stonepeak has reportedly ended negotiations over a potential $1.9 billion (USD) acquisition of a large radiology group. The Financial Review first reported news of the potential deal May 4, claiming Stonepeak was “inches” from adding the I-MED Radiology Network to its portfolio. Currently owned by PE firm Permira, I-MED is Australia’s largest private radiology provider, which recently entered the U.S. by buying San Diego-based teleradiology outfit StatRad. Now another local news outlet, The Australian, claims anonymous sources say Stonepeak is abandoning the deal.
Read the full article: Private Equity Firm Stonepeak Reportedly Walks Away from $1.9B Radiology Group Acquisition //
Source: https://radiologybusiness.com/topics/healthcare-management/mergers-and-acquisitions/private-equity-firm-stonepeak-reportedly-walks-away-19b-radiology-group-acquisition