Evidia, a leading radiology and radiotherapy services provider in Germany, Sweden and Norway has acquired 4ways, a leading UK and European tele-diagnostic company. The acquisition by Evidia, which is backed by EQT Infrastructure, will further accelerate Evidia’s journey to becoming a pan-European market leader in radiology services.
The acquisition represents a full realisation for ECI generating a 2.7x return.
4ways uses its technology platform to deliver a 24/7, tech-enabled service, providing routine, out-of-hours and specialist clinical reporting on diagnostic images which helps hospitals, Regional Imaging Networks and other healthcare providers to deliver high-quality and efficient care to their patients. Since ECI invested, the business has significantly invested in its tech platform, developing cutting-edge radiology solutions to expedite patient treatment and improve quality of care, with the business growing consistently by over 20% per annum.
The acquisition will significantly extend Evidia’s existing teleradiology capabilities while providing an attractive proposition into the large UK radiology market.