PresMed has one of the largest networks of ophthalmic surgeons in Australia. Credit: Bacila Vlad on Unsplash.

The Asia Pacific Fund IV of ICG has entered a strategic healthcare partnership to acquire PresMed Australia from Advanced Health.

ICG made an investment together with a consortium of management and doctor-shareholders of PresMed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This deal is said to be the fifth acquisition of the Fund so far.

Offering private day hospitals in Australia, PresMed has one of the largest networks of ophthalmic surgeons in the country.

It also has other specialists in surgical disciplines of ear, nose and throat, oral maxillofacial surgery, other associated types of surgeries and pain management.

The latest investment will aid the management and doctors of PresMed to advance their growth plan.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This comprises growing the company’s leadership in its current markets and extending its platform by acquiring and developing additional facilities.

The latest collaboration is built on the substantial international healthcare experience of ICG and its Australasia team’s prior collaborations with doctors and healthcare groups as a result of the successful investments in Canopy Healthcare, Everlight Radiology and Cura Day Hospitals.

In May this year, the Fund made an investment in Canopy Healthcare, a leading healthcare platform in New Zealand.

Canopy provides medical oncology and drug compounding services as well as diagnostic imaging in the region.

With a robust presence in Australia, ICG offers flexible resources to mid-market businesses in the region, Japan, New Zealand, Hong Kong, South Korea and South East Asia.

PresMed co-founder Marc Resnik said: “We are delighted to be partnering with ICG as we look to accelerate PresMed’s growth along with our doctor-partners. 

“ICG has deep expertise in the local healthcare sector and PresMed intends to draw on ICG’s extensive understanding of the business and sector to support our mission to deliver leading healthcare services across Australia.”