Approved · Waiver · decided in 28 days, 21 Oct 2026
Imaging Associates Radiology Pty Ltd, a Radia Group Pty Ltd subsidiary majority-owned by Advent Partners Pty Ltd, proposes to acquire 100% of the shares in Country Radiology Pty Ltd, trading as Sunraysia Radiology. This diagnostic imaging services transaction sees Imaging Associates, operating 28 clinics, acquire Sunraysia Radiology's single Mildura clinic.
Imaging Associates Radiology Pty Ltd (IA Radiology) proposes to acquire 100% of the shares in Country Radiology Pty Ltd trading as Sunraysia Radiology (Sunraysia Radiology). IA Radiology is a wholly owned subsidiary of Radia Group Pty Ltd (Imaging Associates), which is majority owned by a combination of funds managed by private equity firm Advent Partners Pty Ltd (Advent Partners), together with other shareholders comprising radiologists and management of Imaging Associates. Imaging Associates provides on-site diagnostic imaging (DI) services from 28 private clinics (including private hospitals) in metropolitan and regional Melbourne, metropolitan Adelaide and Wagga Wagga in the Riverina region of New South Wales. Imaging Associates also provides DI services to public hospitals, and teleradiology services. Sunraysia Radiology is an independent provider of on-site DI services operating from a single private clinic in Mildura, Victoria. Sunraysia Radiology does not provide any services to public hospitals or private hospitals and does not provide teleradiology services.