National Medical and Imaging Group Pty Ltd (NMIG) has been incorporated to pursue acquisition and rationalisation opportunities in the general practice and radiology businesses in Victoria and Western Australia.

NMIG’s first acquisition was the medical centre and radiology assets in Victoria and Western Australia from Gribbles Group Limited (Gribbles).

The businesses were acquired for approximately $14.0m. The acquisition was funded by $9.0m in capital, which was contributed by management and investors.

The group also has loan and leasing facilities totalling $13.0m, which will be used to fund part of the acquisition and to grow the businesses.


Investors

Helmsman Capital Fund ("HCF") is a managed investment scheme that has raised A$45 million from institutional investors to provide a combination of turnaround capital and restructuring expertise seeking investment opportunities in Australia and New Zealand.

Helmsman Funds Management Limited ("HFML") is the Investment Manager of HCF and is responsible for sourcing, executing and managing all investments undertaken by HCF. HFML is jointly owned by McGrath Nicol & Partners and Macquarie Bank Limited.


Bank

ANZ Banking Group Limited


Auditor

PKF


Lawyers

Deacons

 

 

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