On Feb. 21, 2020, Hg Pooled Management Limited (Hg) acquired a majority interest in Intelerad Holdings Inc. (Intelerad). The transaction will reinforce Hg's focus on healthcare technology and help Intelerad maximize business and health outcomes. Intelerad joins four leading healthcare technology companies as the fifth healthcare technology investment in Hg's portfolio. The investment will be made from Hg's Hg Genesis 8 Fund and represents the first investment in Canada and second investment led by Hg's New York office, which opened in 2019.
Hg Pooled Management Limited is a private equity investor focused on software and service businesses. A core investment sector for Hg is healthcare technology, including healthcare operations, core systems, life sciences digitization, interoperability and population health.
Intelerad is a leading global provider of medical imaging software specializing in diagnostic viewing, reporting and collaboration solutions for radiologists. Intelerad serves numerous organizations globally including radiology groups, imaging centers, clinics and reading groups, and has a strong and growing presence in hospital imaging departments.
McCarthy Tétrault LLP advised Hg Pooled Management Limited with a team led by
Jonathan See,
Scott Bergen,
and which included,
Hadrien Montagne,
Alexandra Tremblay,
Loïc Sanscartier,
Camille Paquette,
Laetitia Ouedraogo,
Richard O’Doherty,
François Dupuis,
Zachary Masoud (business),
James Papadimitriou,
Elizabeth Rafferty (real property and planning),
Raj Juneja,
Marie-Soleil Landry,
Anthony Sylvain (tax),
Oliver J. Borgers,
Kate McNeece (competition),
Lisa Melanson,
Benjamin Lai (intellectual property),
Vincent Yip (technology),
Jacques Rousse,
Laurence Landry-Plouffe (labour and employment),
Dominique Amyot-Bilodeau,
and Amelia Fong (environmental).
White & Case LLP acted as co-counsel.
McMillan LLP acted for Novacap and the other sellers in connection with this transaction with a team including
Charles Chevrette (business law),
Kosta Kostic (business law),
Christian Abouchaker (business law),
Sophie Papineau-Wolff (business law),
Candice Hevin (business law),
Rish Handa (technology),
Shari Munk-Manel (employment),
Michel Ranger (tax),
Patrice Beaudin (financial services),
Keith Hanna (financial services),
Nicolas Dolot (financial services),
Mark Opashinov (regulatory),
and Joshua Chad (regulatory).