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Written by Everlight News Desk

on Jul 27, 2017

Daniel Sourial (CEO, RRO), and Alexander van der Laan (CEO, Everlight Radiology) are pleased to announce that Everlight Radiology, with backing from ICG, has acquired UCLH’s 50% share in Radiology Reporting Online (RRO). The result of which is that RRO is now wholly owned by Everlight. 

In December 2016, Everlight Radiology, and its 50% ownership of RRO, were acquired via MBO by Intermediate Capital Group PLC (ICG), a U.K. private equity firm. 

"ICG was selected from a number of interested parties for a number of reasons, but most important was their commitment to maintain our culture of uncompromising quality and continuous service improvement," Everlight's chair Robert Sheraton and chief executive Alexander van der Laan commented. 

The practical outcome of the acquisition is that we become one company, one team. This is profound, because we already share the same mission, ways of working, technology, and culture – every day, every night, we make a difference for patients by serving as a vital lifeline in after hours and urgent radiology reporting. 

RRO and Everlight together form the first truly global teleradiology service provider. The convergence of the two companies further strengthens the positions in the UK, Australia and New Zealand. This is because collaboration and sharing become easier, in fact they become the standard. We can now work stronger together, which may even extend soon to new markets, given we are global and backed by a strong and supportive financial sponsor.

ICG is a specialist asset manager with 27 years' history in private debt, credit and equity. The firm had €21.9bn of assets under management globally as of 30 June, 2016.