Divestiture • Healthcare Services

Akumin Acquires Alliance HealthCare Services

On June 25, 2021, Akumin acquired healthcare services company Alliance HealthCare Services from Tahoe Investment Group Co. for 820M USD

Acquisition Context
  • This is Akumin’s 1st transaction in the Healthcare Services sector.
  • This is Akumin’s largest (disclosed) transaction.
  • This is Akumin’s 1st transaction in the United States.
  • This is Akumin’s 1st transaction in California.

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M&A Deal Summary

Date June 25, 2021
Target Alliance HealthCare Services
Sector Healthcare Services
Buyer(s) Akumin
Sellers(s) Tahoe Investment Group Co.
Deal Type Divestiture
Deal Value 820M USD
Advisor(s) Citi
Leerink Partners (Financial)
Ropes & Gray
Osler (Legal)

Target Company

Alliance HealthCare Services

Newport Beach, California, United States
Alliance HealthCare Services is a provider of shared-service and fixed-site diagnostic imaging services. Alliance provides comprehensive turnkey solutions to hospitals and other health providers for MRI, PET, CT and Radiation Oncology Systems. Alliance HealthCare Services was founded in 1983 and is based in Newport Beach, California.
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Buyer Overview 1

Buyer

Akumin

Plantation, Florida, United States

Category Company
Founded 2015
Sector Healthcare Services
Revenue 750M USD (2022)
DESCRIPTION

Akumin is a provider of comprehensive outpatient radiology and oncology solutions and a partner to U.S. hospitals, health systems and physician groups. Akumin was incorporated in 2015 and is based in Plantation, Florida.


Deal Context for Buyer #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Tahoe Investment Group Co.

Fuzhou, China

Category Company
Founded 1996
Sector Diversified
DESCRIPTION

Tahoe is an investment holding company with a diversified portfolio of assets in various industries including real estate development, securities, hospitality, biomedicine and healthcare. Tahoe’s diversified portfolio includes controlling ownership in Thai Hot Group, one of the leading real-estate developers in China listed on the Shenzhen Stock Exchange. Tahoe is also the third largest shareholder of the Shanghai Stock Exchange listed Dongxing Securities. Tahoe expanded its business landscape to include biomedicine and healthcare industry by acquiring a large-scale pharmaceutical company. Tahoe was formed in 1996 and is headquartered in Fuzhou, China.


Deal Context for Seller #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Alliance HealthCare Services

Newport Beach, California, United States

Alliance HealthCare Services is a provider of shared-service and fixed-site diagnostic imaging services. Alliance provides comprehensive turnkey solutions to hospitals and other health providers for MRI, PET, CT and Radiation Oncology Systems. Alliance HealthCare Services was founded in 1983 and is based in Newport Beach, California.

Buy $75M