Ashurst advises Jefferies on takeover of Medica Group 4262023 102648 AM
26 April 2023
The cash consideration payable by Bidco pursuant to the acquisition will be funded through a combination of equity investment into Bidco from the IK Funds and new debt financing to be provided under a facility agreement made available to Bidco by the lenders.
Medica is an international provider of high-quality telemedicine services and a market leading teleradiology provider in the UK and Ireland. Medica provides outsourced interpretation and reporting of acute and non-acute MRI (magnetic resonance imaging), CT (computerised tomography), ultrasound and plain film (x-ray) images to more than 100 NHS Trusts in the UK, the Irish HSE, private hospitals and insurance groups, as well as diagnostic imaging companies. Medica also manages diabetic retinopathy screening on behalf of the National Screening Service in Ireland.
The Ashurst team is being led by corporate partners James Fletcher and Harry Thimont and banking partner Tim Rennie, supported by senior associate Connor Lovie and associates Millie Gibbs, Roshni Mehra and Gareth Mair.
