Integral Diagnostics to merge with Capitol Health in a AUD413m deal.

Integral Diagnostics, a radiologist and diagnostic imaging provider, agreed to merge with Capitol Health, a national network of over 60 community based medical imaging practices, in a AUD413m deal. "We are pleased to have reached this milestone in respect of the Proposed Merger of Australia’s only listed pure-play diagnostic imaging practices. The merger would create a scalable platform that would unlock significant value for stakeholders of both Integral and Capitol, including patients, doctors and shareholders. The potential combination of the two businesses is compelling and logical and would see us create a leading player in Australian and New Zealand diagnostic imaging, with the scope and scale to transform the industry. Integral has benefitted significantly from acquisitions over time and the Proposed Merger is one that would be transformative, driving a step-change in Integral’s scale, capabilities and clinical outcomes," Ian Kadish, Integral MD and CEO.