Company:
I-MED (formerly DCA Group)
Description:
Operator of diagnostic imaging clinics
Sector:
Services
Current/Previous:
Current
Turnover:
$611 million (2009)
Employees:
4,900
Acquired:
December 2006
Region/Country:
Australia
CEO:
Mark Masterson

In December 2006, CVC Asia Pacific and CVC Capital Partners jointly completed the acquisition of DCA Group Limited (DCA), which operated Australia’s largest diagnostic imaging clinic network, the Lodestone diagnostic imaging network in the United Kingdom and Australia as well as New Zealand’s leading aged care facility operators.

In December 2007, DCA sold the Aged Care business to Bupa Plc. As a result of this sale, the DCA investment now only comprises the Diagnostic Imaging business. The Australian company has been re-named I-MED Holdings Pty Limited and trades under the name I-MED Network.

In Australia, I-MED consists of 230 diagnostic imaging clinics. On a national basis I-MED is almost twice the size of its nearest competitor. I-MED employs circa 290 radiologists and in 2007 completed 4.3 million examinations with an average fee per examination of A$141. I-Med generates approximately 70% of its revenue from Government reimbursements for the provision of medical services. The remaining 30% comes from private co-payments (payments either directly from patients or through health insurers).

In the UK, Lodestone Patient Care has 20 diagnostic imaging clinics across the country, seven of which are multi-modal including a new private hospital department in Bromley, London.