Life Health Sells AMG at Enterprise Value of $1.1 Billion (1)

Life Healthcare Group Holdings Ltd. agreed to sell its UK diagnostics business, Alliance Medical Group Ltd. to Icon Infrastructure at an enterprise value of £910 million ($1.1 billion).

The deal includes a cash purchase price of £593 million, Life Healthcare said in a regulatory filing on Thursday. The company’s shares gained 1.3% at close in Johannesburg after advancing as much as 7%. Bloomberg News reported earlier that Icon was nearing a deal to buy Alliance Medical.

Alliance Medical provides imaging services and is also present in European countries including Germany, Ireland, Italy, the Netherlands, Norway and Spain, according to its ...