Akumin to acquire Alliance HealthCare Services for US$820M
June 25, 2021
820.00 Million USD
On June 25, 2021, Akumin Inc. ("Akumin") announced that it entered into an agreement to acquire Alliance HealthCare Services, Inc. ("Alliance"). The transaction, which has an enterprise value of US$820 million, is expected to close in the third quarter of 2021 subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. Stonepeak has provided a debt and equity financing commitment to Akumin in connection with the acquisition.
Upon the closing of the transaction, the combined company will offer comprehensive radiology and oncology solutions to patients in the United States, operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology centers and 34 radiation therapy centers.
Akumin, based in Florida, United States, is a provider of freestanding, fixed-site outpatient diagnostic imaging services.
Alliance, based in California, United States, is a provider of outsourced advanced radiology and radiation therapy services.
Stonepeak, based in New York, Unites States, is a leading alternative investment firm specializing in infrastructure and real assets with approximately US$37 billion of assets under management.
McCarthy Tétrault is advising Stonepeak in Canada with a team led by Patrick Boucher and Andrew Parker that includes Suzie Cusson (Business), Dominic Thérien (Competition), and Raj Juneja and Brendan Festeryga(Tax).