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 4th transaction in the Healthcare Services sector.
  • This is iCON Infrastructure’s largest (disclosed) transaction.
  • This is iCON Infrastructure’s 7th 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
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 was founded in 1989 and is based in Warwick, United Kingdom.

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Buyer(S) 1

Buyer

iCON Infrastructure

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure is an independent private equity firm focused on investing in infrastructure assets throughout Europe and North America. iCON targets mid-market opportunities covering transportation, utilities, communications, energy, and environmental. iCON Infrastructure was founded in 2004 and is based in London, England.


DEAL STATS #
Overall 29 of 32
Sector: Healthcare Services M&A 4 of 4
Type: Divestiture M&A Deals 5 of 5
Country: United Kingdom M&A 7 of 7
Year: 2023 M&A 3 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Mercurius Health

Porto Salvo, Portugal

Mercurius Health is a provider of radiotherapy and nuclear medicine services to oncology clinics and hospitals in the public and private sectors. Mercurius Health was founded in 1998 and is based in Porto Salvo, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-10 Utility Pipeline

Canton, Ohio, United States

Utility Pipeline is a provider of natural gas distribution and related services to residential, commercial, industrial and government customers across rural and suburban areas of Ohio, Pennsylvania, Indiana, Virginia and West Virginia. Utility Pipeline was founded in 1995 and is based in Canton, Ohio.

Buy -

Seller(S) 1

SELLER

The Life Healthcare Group

Illovo, South Africa

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 4
Sector: Healthcare Services M&A 3 of 3
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Life Molecular

Berlin, Germany

Life Molecular is a global radiopharmaceutical company offering novel cutting-edge radiopharmaceuticals that improve early detection and characterization of chronic and life-threatening diseases. Life Molecular is based in Berlin.

Sell $350M