ALLIANCE MEDICAL
Acquired by
ICON INFRASTRUCTURE
ALLIANCE MEDICAL acquired by ICON INFRASTRUCTURE
Target
ALLIANCE MEDICAL
Acquirer
ICON INFRASTRUCTURE
Context
Life Healthcare has agreed to sell 100% of Alliance Medical Group to iCON Infrastructure in a major cross-border carve-out. The transaction allows Life Healthcare, a South African hospital operator, to monetize its European assets and return capital to shareholders, while retaining its separate R&D division (Life Molecular Imaging). For iCON, the acquisition represents a strategic entry into the healthcare infrastructure space. The investment thesis treats diagnostic imaging networks as "critical infrastructure" essential for national health systems, offering stable cash flows and resilience against economic cycles. iCON plans to support the management team in expanding the network of scanning centers and radiopharmacy facilities.
This transaction is part of the Healthcare & Pharma industry, which currently tracks an average EBITDA multiple of 13.4x since the beginning of 2026, 1.2% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Healthcare & Pharma market trends
Target
Leader europeen des services d'imagerie diagnostique.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with ALLIANCE MEDICAL
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 11/2016 | LIFE HEALTHCARE | ALLIANCE MEDICAL | UNITED KINGDOM | Radiology | Triton Partners has agreed to sell the radiology division of Aleris to EQT Infrastructure in a strategic carve-out transaction. This partial exit allows Triton to streamline Aleris into a focused specialist healthcare provider, while simultaneously divesting its primary care operations to another buyer. For EQT Infrastructure, the acquisition is a major step in building a pan-European leader in diagnostic imaging. By combining Aleris Imaging's dominant Nordic footprint with its existing German operations (Meine Radiologie/Blikk), EQT creates a scaled platform capable of investing heavily in digitalization and advanced medical equipment. The deal reflects the growing trend of treating healthcare diagnostics as "essential social infrastructure" due to their critical role in patient pathways and high barriers to entry. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.