ECI announces sale of 4ways to Evidia delivering a 2.7x return

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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.

We are really looking forward to working together with Evidia, supported by EQT Infrastructure, to deliver our high-quality solutions to more providers and patients, and continue to invest in leading edge technologies and processes to improve the quality of health outcomes across the European Radiology market. As a combined Group, we now have the breadth of solutions and clinical expertise and capital infrastructure to support health economies to improve their diagnostic and treatment services at scale. We’d like to thank the ECI team for all their support over recent years in developing our business and its technology platform, which has enabled such strong growth.”

Ajay Chadha

CEO and significant shareholder of 4ways

4ways has an impressive track record in servicing the UK market with high quality teleradiology services and we are excited to welcome them to our Group. Together we will bring further value to patients and healthcare professionals across the European market while accelerating Evidia’s digitally focused capabilities.”

Jan Hörnström

Head of International at Evidia

“We are thrilled with how 4ways’ proposition has evolved and grown during our investment, supporting more patients and more healthcare providers to provide accurate diagnostics at scale and do good. During our partnership we’ve supported Ajay and the team to increase 4ways’ investment in technology, AI and automation, further enhancing patient safety, reporting accuracy and clinical outcomes. We’d like to thank the whole 4ways team for such a successful partnership and we wish them every success as part of Evidia.”

George Moss

Partner, ECI Partners

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