Apposite Capital said Sept. 18 that it acquired Prime Health Diagnostics Ltd. Financial terms weren’t announced. Prime Health, of Weybridge, Surrey, operates a diagnostic, treatment and fitness facility.
London, UK – 18 September 2018. Apposite Capital, the private equity firm with an exclusive focus on healthcare, today announced that it has acquired Prime Health Diagnostics limited (“Prime Health”). This follows Apposite’s investments in Medical Imaging Partnership in 2016 and Medical Imaging Partnership’s subsequent acquisition of the specialist imaging activities of Nuada Medical (now Medical Imaging London) in central London in 2017.
Prime Health operates a world-class diagnostic, treatment and fitness facility in Weybridge, Surrey offering a diverse range of clinical services supported by cutting edge technology. This includes an advanced 3T MRI scanner, digital X-ray and ultrasound.
As a well-established business in Surrey/West of London, Prime Health complements Medical Imaging Partnership’s existing footprint in the South East, London and the NorthWest.
Sam Gray, Partner, Apposite Capital said: “Early diagnosis and particularly MRI imaging is an increasingly important part of international medical practice, yet the use of advanced diagnostics and innovative techniques in the UK is below international peers and indeed rarely found outside a traditional hospital setting. Apposite is focused on developing innovative pathways for patients, located in their communities, which are easy to access and provide patients with excellent service. For example, Medical Imaging Partnership recently opened a new community specialist imaging centre serving the South Manchester region. Prime Health has successfully operated a similar model in Surrey for a number of years and we look forward to working with founder Jonathan Shrewsbury to continue to grow and develop the business.”
Apposite Capital was advised by Bryan Cave Leighton Paisner (legal) and Hazelwoods (financial and tax). Prime Health was advised by Nexus Corporate Finance and EMW Law.