Harbert acquires majority stake in Cardioscan
12th Dec 12
AVCAL member Harbert Australia Private Equity has acquired a substantial majority interest in Cardioscan Services, a provider of cardiac testing services to large Australian pathology and hospital groups. Harbert’s experience and financial capacity will help Cardioscan bolster its operational capabilities, expand its management team, execute newly won contracts and meet service levels for key customers. Harbert, a private equity firm targeting lower-middle market investments, will also support the company’s aspirations for medium term expansion.