Australia-based IDX buys Ascot Radiology for up to $52.8m

Wed, 10 Jun 2020

Integral Diagnostics has bought Auckland-based Ascot Radiology for up to $52.8 million paid in a mix of $40 million of cash, $10 million of shares and an earnout of up to $2.8 million to 17 vendor doctors. "We are pleased to have extended our footprint in New Zealand with premier radiology partners who strongly complement our existing New Zealand business," said IDX managing director Ian Kadish. Melbourne-based IDX already owns Trinity MRI, which is based in Auckland and specialises in brain, spine and neurovascular imaging, and an SRG Ra...

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