Infratil chief executive Jason Boyes.
Photo: Supplied
The company is looking to acquire between a 50.1 percent and 60 percent stake in the business for up to $350 million.
Pacific Radiology is the country s largest diagnostic imaging service, employing 90 radiologists across 46 clinics in the South Island and lower North Island. The Pacific Radiology acquisition, if completed, sits well with Infratil s other high performing, high-quality assets, and builds on its investment last year in Qscan Group, a leading diagnostic imaging business in Australia, Infratil chief executive Jason Boyes said.
He said the business had defensive characteristics, because it was an essential service, and plenty of opportunities for growth as the population continues to age.
INFRATIL ANNOUNCES AGREEMENT TO ACQUIRE STAKE IN PACIFIC RADIOLOGY GROUP Infratil Limited ( Infratil ) announces that it has executed a conditional agreement to acquire between 50.1% and 60% of Pacific Radiology Group Limited ( Pacific Radiology ), a comprehensive Diagnostic Imaging business in New Zealand, from existing Doctor shareholders, for total consideration of up to NZ$350 million. Pacific Radiology is the largest private diagnostic imaging service provider in New Zealand, operating 46 clinics in the South Island and lower North Island and employing 90 radiologists throughout New Zealand. Completion of the Pacific Radiology acquisition is conditional on counterparty consents to change of control in relation to a small number of material contracts. Assuming those consents are given, completion is expected by 31 May 2021.