NZ's Infratil to buy majority stake in radiology firm for $254 mln

- Infratil Ltd executed an agreement to buy a majority stake in New Zealand-based radiology provider Pacific Radiology Group for up to NZ$350 million ($254.21 million), the energy and transport infrastructure investor said on Thursday. Infratil will buy between 50.1% and 60% of Pacific Radiology, in a move that marks its shift toward the healthcare sector after it announced a strategic review of its assets and acquired an Australian diagnostic imaging firm last year.
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