Healius' Lumus Radiology Business Left With Just One Bidder After TPG Capital Pulls Out

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Healius,Lumus,Radiology

Private equity firm TPG Capital has withdrawn from the auction for Healius' Lumus radiology business, leaving Affinity Equity Partners as the sole bidder. This comes after John Wylie's Tanarra Capital urged Healius to abandon plans to sell the division.

One is the loneliest number. And never more so than in the case of pathology giant Healius, which has a single bidder still crunching the numbers on its Lumus radiology business after private equity firm TPG Capital withdrew on Thursday.

Last week, John Wylie’s Tanarra Capital, one of Healius’ largest shareholders, urged the company to abandon plans to sell Lumus. Now, Street Talk can reveal Affinity Equity Partners, advised by Barrenjoey, is the only party left in the auction, which is being run by UBS.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.

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