Deal Announcement 07/24: Healthcare

The Deal

The PwC M&A Healthcare team is pleased to announce the successful sale of Radiologie Hofheim – Taunus MVZ GmbH (Radiologie Hofheim) to RAD-x Management GmbH. Radiologie Hofheim is a leading radiological diagnostics and pain therapy service provider in the Rhine-Main area. The acquisition allows RAD-x to significantly increase its expertise in high-end diagnostic imaging and expand its network in the Rhine-Main area. 

The asset purchase agreement was signed in March 2024 and closed in July 2024. 

The sale of Radiologie Hofheim marks PwC’s second successfully completed vendor mandate in the radiology/nuclear medicine space following the sale of the Curanosticum MVZ GmbH to RAD-x in 2022.

Radiologie Hofheim – Taunus MVZ GmbH 

Radiologie Hofheim, headquartered in Hofheim am Taunus offers a comprehensive range of state-of-the-art diagnostic imaging. The seasoned radiological medical team comprises 5 radiologists and offers MRI, CT, Ultrasound, Pain Therapy and X-ray diagnostics. The provider serves national and international patients with sites in Hofheim, Flörsheim and Kelkheim. In addition, Radiologie Hofheim is equipped with state-of-the-art medical equipment, including two SIGNA Explorer 1,5T devices.

RAD-x Group (“Buyer”)

RAD-x is one of the leading European diagnostic imaging clinic operators and a portfolio company of VESPER Infrastructure and SwissLife Asset Managers. Since its inception in 2016, RAD-x has successfully grown to a leading operator with 26 sites, 120 doctors and 750 staff across Germany and Switzerland. RAD-x invests strongly in the clinics that have joined its network, supports best practices sharing across its centres and assists the clinics with general management services including digitalisation, procurement, finance, recruitment, hospital partnerships and site development. In addition, the company offers teleradiology services to support hospitals and diagnostic imaging groups with overload and emergency diagnostic services.

PwC 

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 364,000 people in 151 countries. Our global network comprises over 2,900 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

The transaction was led by Alexander von Friesen (Partner) and supported by Ibrahim Günal (Senior Associate).