Sylvain C. Denis, CEO of DIC Private Equity said: “The acquisition of Allied Medical is our first foray into the healthcare sector and is an important contribution to the diversification of our asset portfolio. We look forward to working with the management team of Allied Medical to explore new routes for growth and to provide access to new markets, such as the Arabian Gulf and the broader Asian region.”
Bridgepoint acquired the company in 2001. Since then it has increased revenues six fold, more than doubled profits and employee numbers have risen from 177 to 690. For the year ended 31 March 2007 had revenues of £132m.
Rob Moores, partner at Bridgepoint, said: “Under Bridgepoint’s ownership Alliance Medical has grown rapidly from its original UK base to become Europe’s leading provider of diagnostic imaging services. It operates in a fast growing market and has anticipated and responded well to the increasing demands of many Western European governments to improve the quality of healthcare provision. The results achieved are testimony to the quality, depth and vision of its management team.”