Apposite's MIP bolts on Nuada's diagnostic imaging division

The bolt-on will extend MIP's presence in the London area and will see the newly acquired business rebranded as Medical Imaging London. The acquirer has assumed Nuada's lease in Marylebone, central London, along with three MRI scanners.

MIP provides MRI, ultrasound and x-ray services to clients including the British National Health Service and various independent practitioners. At the time of Apposite's initial investment, the Crawley-based business had recently opened a new office in Brighton to accommodate the expansion of its team.

Previous funding
Apposite committed to invest up to £12m in MIP in May 2016 to fund its nationwide expansion plans.

Company
Nuada was founded in 2009 and is headquartered in London. In addition to its diagnostic imaging business, the company also has gynaecology, urology and spinal pain divisions.

People
Apposite Capital – Sam Gray (partner).
Medical Imaging Partnership – Simon Oates (CEO).

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• Topics
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