Hg Capital completed the investment in Intelerad Medical Systems.

Hg Capital completed the investment in Intelerad Medical Systems, a provider of medical imaging software and enterprise workflow solutions. Under the terms of the agreement, Hg will acquire Intelerad from Novacap’s TMT IV Fund, and its founders, management and employee shareholders who will all be re-investing into the business alongside Hg. Financial terms were not disclosed. "Partnering with Hg gives us access to a huge pool of knowledge in global healthcare technology and the opportunity to significantly advance the company’s strategy. We are thrilled to continue making a difference in healthcare with such talented people. As well as welcoming our new investors, I also thank the Novacap team and our colleagues who all worked so hard to get us into this strong position, as well as our customers for their continued trust over the last 20 years. Looking forward to exciting times ahead," Paul Lepage, Intelerad Chief Executive Officer.