Apposite acquires Prime Health

The deal is the firm's third investment in the medical imaging space in the space of two years, following the acquisition of Medical Imaging Partnership in 2016 and Medical Imaging London (then known as Nuada Medical) in 2017.

Financial details of the transaction remain undisclosed, though Apposite recently closed its £144.5m second fund, which is invested in Medical Imaging Partnership and will typically deploy £10-20m over the life of an investment.

Company
Headquartered in Weybridge, Surrey, Prime Health is a medical imaging clinic and fitness centre operator. It offers services including 3T MRI scans, digital x-rays, ultrasounds, physiotherapy, osteopathy, personal training, pilates and massages. The business focuses on ensuring early diagnosis outside of traditional hospital settings.

People
Apposite Capital – Sam Gray (partner).
Prime Health Diagnostics – Jonathan Shrewsbury (managing director).

Advisers
Equity – Bryan Cave Leighton Paisner (legal); Hazelwoods (corporate finance, tax).
Company – Nexus Corporate Finance (corporate finance); EMW Law (legal).

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• Topics
• Buyouts
• UK / Ireland
• Healthcare
• United Kingdom
• Apposite Capital