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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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