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Australia’s largest cancer care service provider acquired by EQT
Medical Specialists and Management shareholders have been assisted on EQT’s acquisition of Icon Group, one of Australia’s largest cancer care service providers.
Naomi Neilson
Firm: Gilbert + Tobin (Medical Specialists and Management)
Value: N/A.
Area: M&A.
Key players: The team was led by corporate advisory partner Adam Laura, who had support from lawyers Michael McDonald and Srivatsav Moorthy.
Deal significance: The acquisition of Icon Group came from a consortium of Goldman Sachs Asset Management, QIC and Pagoda Investments. EQT is one of the highly active private equity investors in the healthcare industry.
Providing radiation and day oncology services, Icon Group is one of the largest cancer care service providers with an established network of cancer centres and clinical research hubs in Singapore, Mainland China, Hong Kong and New Zealand.
The new investment will allow Icon Group to continue its global expansion throughout Asia and deeper into the northern hemisphere.
Commenting on the deal, Mr Laura said: “We are delighted to have assisted on this transaction and are excited to see the next phase of growth for the Icon Group.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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