Maddocks advises Capitol Health Limited on $1bn company merger
Maddocks has advised Australian leading diagnostics provider Capitol Health Limited (CAJ) on its proposed merger with Integral Diagnostics Limited (IDX), by way of a Scheme of Arrangement, to create a $1 billion medical diagnostic imaging company.

On 15 July 2024, CAJ announced that it had entered into a Merger Implementation Deed with IDX in relation to a merger of the two companies. Under the transaction, which is subject to CAJ shareholder, court and regulatory approvals, IDX will acquire all of the shares in CAJ in exchange for shares in IDX.
If approved, the transaction will result in CAJ shareholders owning approximately 37 per cent of the merged group.
Melbourne-based Capitol Health owns and operates more than 60 radiology businesses across Australia. The transaction will create a merged diagnostics provider with significantly enhanced scale, exposure to Queensland and New Zealand and a stronger presence in Victoria and Western Australia.
A large cross-practice team from Maddocks worked on the transaction, led by Corporate Partner Ron Smooker and Special Counsel Jacqui Picone, supported by Lawyers Oliver Wahlstrom, Cooper Smith and Lucy MacLachlan. Employment Partner Meaghan Bare and Senior Associate Grace Turner-Mobbs assisted on employment aspects while lawyers from Sydney Health/TMT and Melbourne Property and LDR teams also supported.
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