M&A Deal Summary

iCON Infrastructure Acquires Alliance Medical

On October 5, 2023, infrastructure investor iCON Infrastructure acquired healthcare services company Alliance Medical from The Life Healthcare Group for 910M GBP

Acquisition Highlights
  • This is iCON Infrastructure’s 1st transaction in the Healthcare Services sector.
  • This is iCON Infrastructure’s largest (disclosed) transaction.
  • This is iCON Infrastructure’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-10-05
Target Alliance Medical
Sector Healthcare Services
Buyer(s) iCON Infrastructure
Sellers(s) The Life Healthcare Group
Deal Type Divestiture
Deal Value 910M GBP

Target

Alliance Medical

Warwick, United Kingdom
website
Alliance Medical provides a range of diagnostic imaging services (including MRI, CT and PET) used in both private and publicly owned hospitals across Europe. Alliance Medical is based in Warwick, United Kingdom.

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Buyer(S) 1

Buyer

iCON Infrastructure

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 2004
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure LLP is a independent investment firm with over €1 billion under management, investing in infrastructure assets in Europe and North America. iCON Infrastructure’s funds are focused on investing in Public services such as Water and Wastewater, Electricity Networks,Oil and Gases, Contracted and/ or Regulated facilities, Social infrastructure and Transport sector focusing on rail, toll roads, airports, and ports. iCON Infrastructure LLP was founded in 2004 and is based in London, United Kingdom with an additional office in Düsseldorf, Germany.


DEAL STATS #
Overall 16 of 16
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 5 of 5
Country (United Kingdom) 5 of 5
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Firmus Energy

Antrim, United Kingdom

Firmus Energy is an energy supplier licenses for the development of a natural gas network outside greater Belfast. Firmus Energy was founded in 2005 and is based in Antrim, United Kingdom.

Sell -

Seller(S) 1

SELLER

The Life Healthcare Group

Illovo, South Africa

website


Category Company
Sector Healthcare Services
DESCRIPTION

Life Healthcare is one of the largest private hospital operations outside the United States. Its primary business is acute hospital care and comprises one of the widest geographic spreads of acute-care hospitals and same-day surgical centres in South Africa.


DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 3 of 3
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-26 Scanmed

Warsaw, Poland

Scanmed is a healthcare network operator that offers its patients access to comprehensive treatment methods, technologically advanced and high-quality medical equipment, and experienced specialists to facilitate their recovery. Scanmed operates in 42 locations across Poland, providing primary healthcare and specialist consultations, advanced diagnostics, and hospital treatment. Scanmed is based in Warsaw, Poland.

Sell zł340M