Dealmakers who missed out on Advent Partners’ $25 million-a-year radiology business Imaging Associates need fret no longer. The negotiations with Pacific Equity Partners have fallen flat.
Street Talk understands PEP’s Secure Assets team has packed its bags and checked out of proceedings at the up-for-sale Imaging Associates Australia, which has 12 clinics in Melbourne, Gippsland and Wagga Wagga and has doubled earnings since Advent’s arrival in 2021. It comes after the buyout firm last year weighed ASX-listed Integral Diagnostics as a potential target, amid an internal push to get into the radiology sector.
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