Livingbridge Invests in Everlight Radiology

Livingbridge, a leading mid-market private equity investor, is pleased to announce its investment in Everlight Radiology, a world-leading teleradiology group from Intermediate Capital Group, a global alternative asset manager.

Everlight supports hospitals, clinics and radiology providers worldwide by providing a vital lifeline of after-hours urgent and sub-specialty routine reporting services. The firm currently services over 250 client sites across Australia, U.K., New Zealand and the Republic of Ireland via its global network of c.500 radiologists – all empowered by proprietary technology and supported by over 300 staff.

Founded in 2006, Everlight has developed the world’s largest offshore credentialed ‘ready to report’ network, with FRANZCR and GMC radiologists operating across five continents. This network, combined with Everlight’s leading technology infrastructure, provides clients and their patients with immediate access to qualified Consultant Radiologists 24 hours a day, 365 days a year.

Everlight will continue to be led by the existing clinical and executive leadership team, including CEO, Alexander van der Laan. Existing management and radiologists will be investing alongside Livingbridge.

Livingbridge’s investment will support Everlight in building its pool of exceptional radiologists, driving technological innovation and propelling international growth.

This investment is a continuation of Livingbridge’s strong track record in the healthcare and technology sectors. Livingbridge will draw on its experience to support the growth of the combined business.

Commenting on the investment, Alexander van der Laan, Group CEO of Everlight, said:

“For the better part of a decade, my clinical and executive team have worked together unified by a mission to enable better patient care. In that time, teleradiology has become central to public healthcare and Everlight has become a vital lifeline of urgent radiology reporting. Livingbridge recognises the importance of this mission, the uniqueness of Everlight, and the opportunities to provide even greater patient access globally in the future. We are pleased to be working with and investing alongside the team.”

Oliver Mauldridge at Livingbridge, added: “We are privileged to have been chosen to support Everlight in its next phase of growth. Everlight is a special business which saves lives daily. We are excited by the prospect of working with such a talented team to deliver high-quality, mission critical services on a global basis.”

Ryan Shelswell at Intermediate Capital Group, commented: “Everlight has grown strongly since ICG partnered with the senior management team and key radiologist shareholders in 2016 to acquire it from the business’ founders. ICG is proud to have played a part in Everlight’s continuing story, and pleased that Everlight’s world class management team will now enjoy the expertise and capital backing of Livingbridge to support further development.”

Allier / William Blair acted as financial adviser and Allens / Linklaters / Simpson Grierson acted as legal adviser to Livingbridge. Everlight and ICG were advised by Rothschild and Co and DLA Piper.