Infratil is beefing up its presence in the radiology sector, taking a majority stake in New Zealand’s largest private imaging service provider, Pacific Radiology Group, from doctor shareholders for as much as $NZ350 million ($326.1 million).
Pacific Radiology operates 46 clinics in the South Island and lower North Island and employs 90 radiologists. Under the deal, the listed infrastructure giant will buy a controlling interest between 50.1 per cent and 60 per cent of Pacific Radiology.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
