Maddocks is advising one of Australia’s leading diagnostic imaging companies on a $40 million capital raising.

Capitol Health, a Melbourne-based company which owns and operates clinics in Victoria, Tasmania and Western Australia, launched the capital raising on 14 April. Once completed, the company will raise $29.8 million via an institutional placement and a further $10 million via a share purchase plan.

The capital raising is one of the first to take advantage of the temporary increase in the ability of listed companies to raise capital without member approval announced by the Australian Securities Exchange in March as a response to the business impact of COVID-19.

The Maddocks team advising Capitol Health was led by partner Cath Debreceny and included partner Ron Smooker, senior associate Jacqueline Picone and lawyer Alexandra Hodsman.

Editor note:

Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the education, government, healthcare, infrastructure and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.