Hill Dickinson advises Foresight Group on £3m PE investment in Med Imaging Healthcare

Hill Dickinson’s corporate team has advised private equity firm Foresight Group on its £3m investment in Merseyside based diagnostic imaging service provider, Med Imaging Healthcare.  

Foresight’s investment facilitates a partial buy-out of the business and as part of the transaction Christopher Langley, an experienced chief executive and chairman with more than ten years’ experience in healthcare, has been appointed as non-executive chairman.

Established in 1995 by Tim Dickinson, a former Siemens healthcare engineer, Med Imaging provides servicing, reactive maintenance, repair and sale of a range of diagnostic imaging equipment for the NHS, private health sector and dental markets.

The £4.5m turnover company employs 41 staff and is based in Knowsley Business Park.

Ian Riggs, Jonathan Gillow and Sean Lightfoot from Hill Dickinson’s corporate team advised Foresight Group on the transaction. Commenting on the deal, Ian said: “It’s been a pleasure working with Foresight Group on this transaction. The investment comes at an exciting time for Med Imaging as it looks to expand its offering and further its position in the marketplace. We wish them both all the best for the future.”