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Announced

Completed

Livingbridge completed the acquisition of a majority stake in Better Medical and SmartClinics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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clinics

Completed

Domestic

Health Care Facilities

Acquisition

Friendly

Majority

Australia

Single Bidder

Private

Private Equity

Synopsis

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Livingbridge, a private equity firm based in London, United Kingdom, completed the acquisition of a majority stake in Better Medical and SmartClinics, an Australian clinics operators. Financial terms were not disclosed. “In combining Better Medical and SmartClinics we have created a significant positive force in the Australian general practice market. We look forward to partnering with the management team to deliver an ambitious organic and acquisitive growth plan,” William Bajraszewski, Associate Director Livingbridge.

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