Medical Imaging Partnership secures investment from Apposite Capital
19th May 2016
London, UK – 9th May 2016. Apposite Capital, the private equity firm specialising in healthcare, today announces that it has made a new investment in our client Medical Imaging Partnership Ltd (“MIP”), a fast growing UK provider of medical diagnostic imaging services. Apposite will make available up to £12m to support the geographical roll-out of MIP services across the UK, grow the management team and employee base, and continue investing in high quality radiology services for patients and clinicians.
Created in 2010, MIP has built an excellent reputation in the UK. The company offers fully managed clinical services whereby it provides the radiology equipment (MRI, CT Scan, X-Ray, Ultrasound) together with patient referral and triage management, radiology reporting and clinical support into patient management. MIP is at the forefront of new models of care, providing radiology services covering a whole population for specific disease pathways for example community Musculo-Skeletal services. The company is currently operating in the Southeast and North of England and has a well-established long standing customer base within the NHS and the independent sector. It has 55 employees.
Simon Oates, CEO of MIP, said: “Jamie Young of Plus Accounting assisted the Board in the selection of suitable investment partners and ascertaining the funding requirement to enable growth. Jamie managed the financial due diligence process for us ensuring that all information was ready to present to the investors and to fully answer all financial questions they had on the accounts and forecasts. Jamie demonstrated in-depth understanding of our business model and was complimented for his work by both the Board and the investors Apposite Capital. He was invaluable in supporting us throughout the process”.
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