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NZ's Infratil to buy stake in radiology firm for $254 mln

Published 29/04/2021, 06:45 am
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April 29 (Reuters) - Infratil Ltd IFT.NZ executed an agreement to buy a stake in New Zealand-based radiology provider Pacific Radiology Group for up to NZ$350 million ($254.21 million), the energy and transport infrastructure investor said on Thursday.

Infratil will buy between 50.1% and 60% of Pacific Radiology, in a move that marks its shift toward the healthcare sector after it announced a strategic review of its assets and acquired a diagnostic imaging firm in Australia last year. ($1 = 1.3768 New Zealand dollars)

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