Imaging specialists look to expand into US market

Hallmarq Veterinary Imaging Ltd (Hallmarq) has secured a deal with private equity firm, August Equity, in a management buyout (MBO).

Hallmarq, a global specialist in advanced diagnostics, are looking to expand into the US market. The company, which provides imaging services for equine and companion animals, developed the world’s first MRI scanner for a standing horse.

Advanced imaging services are becoming more commonplace in veterinary hospitals; testament to the growing demand from pet owners for healthcare services akin to its human counterpart.

August Equity invests in small and medium-sized companies.

Speaking of the deal, Jos Belgrave, chief executive of Hallmarq, commented: “Our next steps are to expand our presence in the US market…We look forward to working together with August Equity to achieve that.”