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  5. Sonic Healthcare Acquires Canberra Imaging Group

M&A Deal Summary

Sonic Healthcare Acquires Canberra Imaging Group

On June 17, 2021, Sonic Healthcare acquired healthcare services company Canberra Imaging Group

Acquisition Highlights
  • This is Sonic Healthcare’s 8th transaction in the Healthcare Services sector.
  • This is Sonic Healthcare’s 10th transaction in Australia.

M&A Deal Summary
Date 2021-06-17
Target Canberra Imaging Group
Sector Healthcare Services
Buyer(s) Sonic Healthcare
Deal Type Add-on Acquisition
Advisor(s) Chevalier Capital (Financial)
Gilbert + Tobin (Legal)

Target

Canberra Imaging Group

Sydney, Australia
Canberra Imaging Group is a radiology practice in Canberra, Australia’s capital city, with branches also located in Goulburn and Queanbeyan in New South Wales. The practice, with a history going back more than 50 years, employs 15 radiologists and ~200 other staff and operates 10 service sites across 9 locations. CIG operates one fully-funded (via Medicare), two partially-funded and two unlicensed MRI scanners, and also operates one of two private PET CT scanners in Canberra.

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Buyer(S) 1

Buyer

Sonic Healthcare

Sydney, Australia
Category Company
Founded 1934
Sector Medical Products
Employees37,000
Revenue 8.9B AUD (2024)
DESCRIPTION

Sonic Healthcare is a medical diagnostics companies, providing laboratory and radiology services to medical practitioners, hospitals, community health services, and their collective patients. Sonic Healthcare was founded in 1934 and is based in Sydney, Australia.

DEAL STATS #
Overall 37 of 43
Sector: Healthcare Services M&A 8 of 9
Type: Add-on Acquisition M&A Deals 31 of 35
Country: Australia M&A 10 of 11
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Aurora Diagnostics

Palm Beach Gardens, Florida, United States

Aurora Diagnostics is a diagnostic lab as well as an independent anatomic pathology company serving the dermatopathology, women’s health, hematopathology and general surgical segments of the healthcare industry. Aurora’s anatomic pathology laboratories diagnose cancer and other conditions through the examination of tissues and the analysis of cells taken from patients.

Buy $540M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 ProPath

Dallas, Texas, United States

ProPath is a medically led anatomical pathology (AP) company. ProPath was founded in 1966 and is based in Dallas, Texas.

Buy -
Mergr

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