Private equity firm Permira has backed a merger between medical equipment firms MESA Group and Asteral.
The operations union between Switzerland-based MESA and Reading-based Asteral will be led by current MESA executive chairman Robert Piconi.
Christopher Langley, currently Asteral chief executive, will become special advisor to the new company board.
Piconi said that he was “delighted” by the union which would bring together “two highly complementary businesses”.
“As a combined group, we will be in an even stronger position to help our customers deliver improved patient care by leveraging our expertise in the way that medical facilities are planned, procured, managed and maintained.”
A Permira spokesperson told HealthInvestor that the name of the new company has not yet been decided. It will be called MESA-Asteral in the interim.
Permira head of healthcare Mubasher Sheikh said that health organisations everywhere needed to “find a way to balance financial constraints with the tremendous advantages that modern and well-maintained imaging and scanning devices can offer for patient care”.
“MESA and Asteral have proven their market leadership over recent years and together they will be able to help health organisations across Europe achieve even better outcomes,” he concluded.
KPMG ran the deal process for Asteral.
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