Waterland backed Medhold sold to Sonic Healthcare

Waterland Private Equity has divested its stake in Belgian laboratory business Medhold Group to Australian-based Sonic Healthcare who has fully acquired the business.

The purchase price for Medhold is based on an enterprise value of €232m and represents an EBITDA multiple of approximately 8.4x before synergies.

Waterland invested in Medhold in December 2007 as part of an expansion deal, acquiring a 50% stake in the company.

Founded in 1980 the Medhold Group employs over 300 staff and operates from a new, purpose-built, state-of-the-art reference laboratory in Antwerp.