Global law firm White & Case has advised Hg, the specialist private equity investor focused on software and service businesses, on its agreement for an investment in Intelerad Medical Systems, a leading global provider of medical imaging software and enterprise workflow solutions.
Founded in 1999, Intelerad specializes in diagnostic viewing, reporting and collaboration solutions for radiologists. Headquartered in Montreal, Intelerad serves more than 300 healthcare organizations around the world, including radiology groups, imaging centers, clinics and reading groups, and has a strong and growing presence in hospital imaging departments.
Healthcare technology is a core sector for Hg, and Intelerad represents the fifth healthcare technology investment in Hg’s current portfolio.
The transaction is expected to close in the first quarter of 2020, following satisfaction of customary regulatory approvals.
The White & Case team was led by partner Oliver Brahmst and included partners Frank Lupinacci, Sang Ji, Steven Lutt, Tal Marnin and Arlene Arin Hahn, and associates Adam Plotkin, Jordan Kobb, Brian Fetterolf, Daniel Kozin, Brandon Dubov, Arian Mossanenzadeh, Harry Hudesman, Neeraj Shah, Caroline Cima, Julianne Prisco and Mark Kim (all in New York); partners Rebecca Farrington and Farhad Jalinous, counsel Paul Pittman and Keith Schomig, and associates Ajita Shukla and Daniel Rosenthal (all in Washington, DC); partner Jarlath McGurran and associate Mahir Maini (London); and partners Nirangjan Nagarajah and Michelle Keen, counsel Andrea Reeves, and associate Tiffany Leach (all in Melbourne).