KWM advised funds managed by Quadrant on their acquisition of controlling stakes in Qscan Radiology and North Coast Radiology. The two companies, which have a combined value of $200m, will operate 33 clinics with 40 radiologists.
Quadrant intends to expand the combined company’s operations across Australia and potentially into Asia.
“The radiology sector presents significant onshore and offshore growth opportunities, and through strategic acquisitions such as this Quadrant is well positioned to meet the increasing demand for high-quality health and medical services,” said Mark McNamara, KWM’s joint lead partner on the deal.
McNamara co-led the team with partner Elizabeth Hundt Russell and special counsel Alex Elser. They were supported by solicitors Josh Chalkley, Dan Flanagan, and Karen Chen.
KWM has long advised Quadrant. It advised the private equity firm on its acquisitions of Cruise Whitsundays, Rottnest Express, Great Southern Rail, Fitness First
, Good Life Gyms and Jetts Fitness.
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King & Wood Mallesons has advised long-time client Quadrant Private Equity as it fires off an effort to consolidate in the radiology space.