{"id":651746,"date":"2013-04-10T16:34:20","date_gmt":"2013-04-10T20:34:20","guid":{"rendered":"https:\/\/www.pehub.com\/?p=195619"},"modified":"2013-04-10T16:34:20","modified_gmt":"2013-04-10T20:34:20","slug":"persistence-capital-partners-sells-medvues-ontario-assets","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/651746","title":{"rendered":"Persistence Capital Partners Sells Medvue\u2019s Ontario Assets"},"content":{"rendered":"

\"\"<\/a>Persistence Capital Partners\u00a0<\/strong>(PCP), a healthcare-focused private equity firm, has sold the Ontario-based clinics and other assets of its portfolio company Medvue Medical Imaging Inc.<\/strong>, a Canadian provider of diagnostic imaging services.\u00a0<\/strong>Acquired by\u00a0PCP\u00a0in 2008, Medvue’s Ontario assets were sold in a series of transactions completed in the first quarter of 2013. The buyers included regional operators\u00a0KMH Labs, True North Imaging, Blue Water Imaging <\/strong>and Annex Medical Imaging<\/strong>.\u00a0Medvue will continue to operate its Qu\u00e9bec clinics.<\/p>\n

PRESS RELEASE<\/p>\n

PCP Announces Sale of Medvue\u2019s Ontario Medical Imaging Assets<\/strong><\/p>\n

April 4th, 2013 \u2013 Persistence Capital Partners (\u201cPCP\u201d), a private equity fund exclusively focused on high-growth opportunities in healthcare, is pleased to announce the sale of all the Ontario regional assets of its portfolio company Medvue Medical Imaging (\u201cMedvue\u201d), a leading Canadian provider of medical imaging services in Ontario and Quebec. The Ontario assets were sold in a series of transactions, completed in Q1, 2013, to 5 separate Ontario-based medical imaging providers.<\/p>\n

Acquired by PCP in 2008, Medvue\u2019s Ontario business included 10 clinics providing publicly funded X-Ray, Mammography, Ultrasound, Nuclear Medicine and Bone Mineral Densitometry imaging procedures via OHIP, Ontario\u2019s public payor system. PCP sold these assets in a series of independent transactions to leading regional medical imaging operators in Ontario, including KMH Labs, True North Imaging, Blue Water Imaging and Annex Medical Imaging. Medvue will continue to operate its Quebec clinics, providing MRI, CT, Ultrasound and X-Ray procedures.<\/p>\n

Commenting on the transaction, Lloyd M. Segal, Managing Partner at PCP, said, “Medvue Ontario represented a superb investment for PCP. Our team of professionals has set the standard for high quality medical imaging in Ontario and delivered excellent returns for PCP\u2019s Limited Partners. We wish them continued success in their new associations with a set of great regional operators.”<\/p>\n

About Persistence Capital Partners<\/p>\n

Persistence Capital Partners is a private equity fund exclusively focused on high-growth opportunities in the healthcare field. With deep healthcare industry expertise, PCP aims to create significant long-term capital appreciation for its investors by identifying and developing attractive investment opportunities in the Canadian healthcare market.<\/p>\n

Photo courtesy of Shutterstock<\/a>.\u00a0<\/em><\/p>\n

The post Persistence Capital Partners Sells Medvue’s Ontario Assets<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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Persistence Capital Partners\u00a0(PCP), a healthcare-focused private equity firm, has sold the Ontario-based clinics and other assets of its portfolio company Medvue Medical Imaging Inc., a Canadian provider of diagnostic imaging services.\u00a0Acquired by\u00a0PCP\u00a0in 2008, Medvue’s Ontario assets were sold in a series of transactions completed in the first quarter of 2013. The buyers included regional operators\u00a0KMH […]<\/p>\n","protected":false},"author":7606,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-651746","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/651746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7606"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=651746"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/651746\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=651746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=651746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=651746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}