Medneo buys vet imaging firm Burgess Diagnostics, entering animal scanning

What's the deal? MedneoDealroom has a profile for this one. Try Dealroom →, a diagnostic imaging service specialist, has acquired Burgess DiagnosticsDealroom has a profile for this one. Try Dealroom →, a Preston-based provider of mobile MRI and CT imaging for the veterinary sector. The deal value was undisclosed. Burgess was bought from Solingen Private EquityDealroom has a profile for this one. Try Dealroom →.

Who does what? Established in 2003, Burgess supplies advanced mobile MRI and CT imaging to veterinary practices, referral centres, and specialist hospitals across the UK and Ireland. It will keep its brand and existing leadership team through the transition.

What's the endgame? The acquisition marks Medneo's first move into veterinary imaging and follows a period of growth backed by CVC DIFDealroom has a profile for this one. Try Dealroom →. It comes after a national partnership with Ramsay Health Care UKDealroom has a profile for this one. Try Dealroom → that widened Medneo's reach and specialist capabilities.

What they said: "Burgess is a significant addition to Medneo, bringing a leading specialist business into the group and taking us into veterinary imaging for the first time," said Ella Tracey, chief executive of Medneo.

Mary Bronserud, managing director of Burgess Diagnostics, added: "Medneo understands specialist imaging and shares our commitment to quality, innovation and excellent customer service." She said clients would keep working with the same team.

The signal: The deal reflects growing investor appetite for specialist imaging assets and the widening reach of the veterinary services market. For Medneo, it broadens a group that is building scale across human and, now, animal diagnostics.

Read more: insidermedia.com

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