M/23/055 – iCON Infrastructure LLP/Alliance Medical Group

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M.23.055 Merger-Announcement
M/23/055 - Public Merger Determination

Transaction details

The proposed acquisition by Andromeda Bidco Limited, a wholly-owned subsidiary of funds advised by iCON Infrastructure LLP, of Alliance Medical Acquisitionco Limited, the top company of the Alliance Medical Group, has been cleared by the Competition and Consumer Protection Commission.

Notification date	Decision date
Wednesday October 25, 2023	Friday, November 10, 2023

Parties Involved	Business activities
iCON Infrastructure LLP	iCON Infrastructure LLP is an independent investment firm advising funds with $8 billion of capital. The iCON funds are focused on making long term equity investments in private, mid-market, infrastructure businesses located in Europe and North America. Investors in the iCON funds comprise blue-chip institutions from across Europe, North America, the Middle East and Asia.
Alliance Medical Group	Alliance Medical Group is a provider of complex diagnostic imaging and molecular imaging services and is part of the Life Healthcare Group, a South Africa-based publicly listed private hospital operator. Alliance Medical Group is active across 11 geographies, with its core markets being the UK, Italy and Ireland. Alliance Medical Group provides diagnostic imaging (Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) and molecular imaging (Positron Emission Tomography CT (PET-CT)) to public hospitals and private clinics.

Parties Involved

Business activities

iCON Infrastructure LLP

iCON Infrastructure LLP is an independent investment firm advising funds with $8 billion of capital. The iCON funds are focused on making long term equity investments in private, mid-market, infrastructure businesses located in Europe and North America. Investors in the iCON funds comprise blue-chip institutions from across Europe, North America, the Middle East and Asia.

Alliance Medical Group

Alliance Medical Group is a provider of complex diagnostic imaging and molecular imaging services and is part of the Life Healthcare Group, a South Africa-based publicly listed private hospital operator. Alliance Medical Group is active across 11 geographies, with its core markets being the UK, Italy and Ireland. Alliance Medical Group provides diagnostic imaging (Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) and molecular imaging (Positron Emission Tomography CT (PET-CT)) to public hospitals and private clinics.

Economic sector	Media merger
Medical Equipment	No

Submissions from third parties due by:
Phase 1	Phase 2
Thursday, November 9, 2023

Current status: Completed
Cleared (Phase 1)

Authorised Officer Assigned	Contact Details
Lewis O Shea	lewisoshea@ccpc.ie
Ciarán Dorrian	CiaranDorrian@ccpc.ie

Media enquiries: communications@ccpc.ie

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M/23/055 – iCON Infrastructure LLP/Alliance Medical Group

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