Synova backs 4Ways MBO

The deal comes after Synova targeted the business two years ago and has since developed a relationship with management.

Following the investment, Synova will support the company's management team to grow the company organically, by increasing its customer base and reporting volumes. The company may also explore international add-on acquisitions.

Company
4Ways specialises in remote radiology. Through its network of UK-based consultant radiologists, the company assists both public and private healthcare providers with reporting on diagnostic images, including MRIs, CTs and X-rays.

Established in 2004, the company operates from its headquarters in Hemel Hempstead, Hertfordshire.

People
Ajay Chadha is the CEO of 4Ways. Tim Ashlin is partner of Synova and has joined 4Ways as director, as has Synova investment manager Zac Tsai.

Advisers
Equity – Catalyst Corporate Finance (Corporate finance); Osborne Clarke (Legal); BDO (Financial due diligence); Armstrong (Commercial due diligence).

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• Topics
• UK / Ireland
• Healthcare
• Buyouts
• Synova Capital