by
Barbara Kram, Editor | October 08, 2008
Major European deal struck
Alliance Medical, Europe's largest provider of outsourced diagnostic imaging services, with over 15 years of unparalleled operational and service excellence and offices in the UK, Ireland, Italy, Spain, Poland, Germany and the Netherlands announces the acquisition of Tomovation in Castrop-Rauxel, Germany. Tomovation provides innovative services and products for the tomography industry (CT, MRI, PET) and invests in early stage European medical technologies.
By combining the knowledge of the market and scale of operations, clients of both groups will profit in terms of an even better availability and higher service level.
Alliance Medical and Tomovation operate from neighboring facilities in Castrop-Rauxel and will now share their equipment, fleet, knowledge, personnel and real estate.
The acquisition is part of the long term strategic plan for Alliance Medical to consolidate and extend its existing presence in the important German market. With its strategic plan in place, a talented team and thorough knowledge of the market, the combined group will seek further opportunities to improve the services to its customers: hospitals, private practices and Original Equipment
Manufacturers.
Dr. Michael Friebe, CEO of Tomovation GmbH, will be appointed as Managing Director of Alliance Medical GmbH. Dr. Friebe has extensive experience in the Healthcare Sector and has successfully managed several medical solution providers.
Alliance Medical's CEO Mr. Alan Pilgrim states: "We are delighted to be increasing our business in Germany through the acquisition of Tomovation and look forward to working with Dr. Michael Friebe to further develop our business in this expanding market."
About Alliance Medical
Alliance Medical was founded in 1989 and provides a range of diagnostic imaging services (including MRI, CT, PET, PET/CT, lithotripsy, mammography) used in both private and publicly owned hospitals across Europe. It also manages static and mobile scanners. In the past six years, Alliance Medical has successfully consolidated its UK market position as well as expanded into Continental Europe through numerous acquisitions, such that that well over half its revenues come from Continental Europe.
Alliance Medical now operates more than 200 scanners and proforma revenues for the year ended 31 March 2008 were in excess of 330 million Euros. In the seven years since March 2001, Alliance Medical has increased revenues by over 40% per annum and employees have similarly risen to 1,369.
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