ICG completed the acquisition of PresMed Australia from Advanced Health.

ICG, an alternative asset manager, completed the acquisition of PresMed Australia, a provider of private day hospitals, from Advanced Health, an investment holding company. Financial terms were not disclosed. “We are delighted to be partnering with ICG as we look to accelerate PresMed’s growth along with our doctor-partners. ICG has deep expertise in the local healthcare sector and PresMed intends to draw on ICG’s extensive understanding of the business and sector to support our mission to deliver leading healthcare services across Australia," Marc Resnik, PresMed Managing Director.