November 1, 2017
Mergers and Acquisitions
GCA Advises Telemedicine Clinic on Its Sale to Unilabs
GCA acted as exclusive financial advisor to the shareholders of Telemedicine Clinic, a leading European provider of teleradiology and telepathology services, on the company’s sale to Unilabs.
Telemedicine Clinic ("TMC") has a network of radiologists and pathologists across Europe and an office in Sydney to facilitate its 24/7 on-call service. The company’s specialized radiologists focus on diagnostic areas including neuro, body, musculoskeletal, PET-CT, mammography screening and nuclear medicine.
Unilabs, a portfolio company of Apax Partners, is a leading European provider of clinical laboratory testing and medical diagnostic imaging services. The Unilabs Group serves private and public healthcare providers, local governments, pharmaceutical companies and the public. The company employs more than 570 doctors worldwide and operates laboratory and medical diagnostic imaging facilities in 14 countries.
Alexander Böhmcker, CEO of TMC, commented: "I am delighted that TMC is becoming part of the Unilabs family. This agreement is in line with TMC’s core purpose to make quality healthcare accessible to all, independent of the location of patients and experts. Together with Unilabs, we want to accelerate the creation of truly integrated and digitalized diagnostic services and deliver better results and outcomes for our clients and patients. We are genuinely excited at what this transaction and partnership offers our customers and our people."
Terms of the transaction were not disclosed.