M&A Deal Summary

Insight Imaging Acquires RAYUS Radiology

On July 25, 2012, Insight Imaging acquired healthcare services company RAYUS Radiology from Onex Partners for 91M USD

Acquisition Highlights
  • This is Insight Imaging’s 1st transaction in the Healthcare Services sector.
  • This is Insight Imaging’s largest (disclosed) transaction.
  • This is Insight Imaging’s 1st transaction in the United States.
  • This is Insight Imaging’s 1st transaction in Minnesota.
Investment Fate
  • RAYUS Radiology was divested to a consortium of buyers in 2019.

M&A Deal Summary
Date 2012-07-25
Target RAYUS Radiology
Sector Healthcare Services
Buyer(s) Insight Imaging
Sellers(s) Onex Partners
Deal Type Add-on Acquisition
Deal Value 91M USD

Target

RAYUS Radiology

St Louis Park, Minnesota, United States
RAYUS Radiology is a provider of diagnostic and therapeutic radiology services in the US. The organization, with nearly 2,000 associates nationally, is committed to delivering clinical excellence in communities across the U.S. driven by its affiliated subspecialized radiologist network, compassionate, safe, and cost-efficient care, and superior service to referring providers and patients. RAYUS Radiology was founded in 1981 and is based in St Louis Park, Minnesota.

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Buyer(S) 1

Buyer

Insight Imaging

Charlotte, North Carolina, United States
Category Company
Founded 1994
Sector Medical Products
DESCRIPTION

Insight Imaging LLC is a provider of onsite, diagnostic imaging services for physicians’ offices, clinics, hospitals and other healthcare providers.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 LG Medical Technologies

East Dundee, Illinois, United States

LG Medical Technologies, Inc. is a provider of advanced diagnostic imaging services and mobile imaging solutions for rental. LG Medical Technologies is based in East Dundee, Illinois.

Buy -

Seller(S) 1

SELLER

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.

DEAL STATS #
Overall 11 of 36
Sector (Healthcare Services) 5 of 6
Type (Add-on Acquisition) 1 of 6
State (Minnesota) 1 of 1
Country (United States) 9 of 28
Year (2012) 2 of 3
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-14 Allison

Indianapolis, Indiana, United States

Allison is a designer and manufacturer of automatic transmissions for the medium and heavy-duty commercial vehicle markets. Allison was incorporated in 1915 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 SGS

Louisville, Kentucky, United States

SGS is a global provider of packaging graphic services to branded consumer products companies, retailers and the printers that service them. SGS was founded in 1946 and is based in Louisville, Kentucky.

Buy $813M
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