ALLIANCE MEDICAL acquired by LIFE HEALTHCARE
Context
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.
ALLIANCE MEDICAL, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Healthcare & Pharma sector (14.3x).
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Target
Alliance Medical is Europe’s leading independent provider of medical imaging services, specializing in outsourced diagnostic solutions for both public and private healthcare systems. Headquartered in the UK, the company operates an extensive pan-European network of over 200 sites across countries including the UK, Italy, Germany, Ireland, and Spain. Its business model is built on long-term, mission-critical partnerships (notably as a Tier 1 partner to the NHS) where it provides MRI, CT, PET-CT, and molecular imaging services through fixed centers and a fleet of high-tech mobile units. The organization integrates the entire imaging value chain, from infrastructure development to clinical service delivery and radiopharmaceutical production.
Ent. Value
£500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (GBP)
Other operations with ALLIANCE MEDICAL
Other operations with ALLIANCE MEDICAL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2023 | ICON INFRASTRUCTURE | ALLIANCE MEDICAL | UNITED KINGDOM | Radiology |
Similar deals in Providers & Facilities
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2023 | ICON INFRASTRUCTURE | ALLIANCE MEDICAL | UNITED KINGDOM | Radiology |
REFERENCES
Valuation range: EV £500M–1.5bn
Revenue range: £150–250M
EBITDA range: £50–100M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALLIANCE MEDICAL by LIFE HEALTHCARE are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: alliance medical
Acquirer: life healthcare