Foresight injects £3m into Med Imaging

Following the deal, Med Imaging has appointed Christopher Langley, formerly CEO of radiology equipment business Asteral and turnaround chairperson of hospitals regulator Monitor, as non-executive chairperson.

The deal marks the third investment by Foresight Regional Investment Fund, which held a first close on £38m in January 2016. The vehicle has also invested £3m in civil engineering project management business Utilities Design & Planning and £2.75m in e-commerce business Euxton Group.

Company
Founded in 1995 and headquartered in Knowsley, Merseyside, Med Imaging services and repairs diagnostic imaging equipment. Its customers include the UK National Health Service, in addition to private sector clients in the health and dental markets.

People
Foresight – James Livingstone (partner); Matthew Pomroy (investment manager).
Med Imaging – Tim Dickinson (managing director).

Advisers
Equity – Hill Dickinson, Ian Riggs, Jon Gillow, Sean Lightfoot (legal); Mazars, Neil Robinson (financial due diligence); Neovian Partners, Lushani Kodituwakku (commercial due diligence); Catalysis Partners, Mike Hicks (management due diligence).
Company – MC Vanguard, Jerry Scriven (corporate finance); Bermans, Kieran Donovan, Catherine Lo, Neil Munford (legal).

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• Topics
• Expansion
• UK / Ireland
• Healthcare
• United Kingdom
• Foresight Group