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Sunday, May 28, 2023
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Pinsent Masons counsels Nexxus Iberia on the sale of Mercurius Health

Pinsent Masons has advised Nexxus Iberia, one of the leading Spanish mid-market private equity fund managers in Spain, alongside management, on the sale of Mercurius Health (“Mercurius”), a specialized radiotherapy and nuclear medicine service provider to iCON Infrastructure

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Founded in 1998 in Portugal, Mercurius Health is a specialized radiotherapy and nuclear medicine service provider to clinics, hospitals, and OEMs. Mercurius is focused on delivering a wide array of services which include radiation oncology turnkey solutions, consultancy services, technical cooperation, remote planning, and training. The company employs more than 100 technical staff (doctors, physicists, dosimetrists and technologists), operating in 4 different countries with 12 radiotherapy and nuclear medicine projects currently in progress.

In August 2020, Nexxus Iberia acquired a controlling stake in Mercurius alongside a group of professionals with large experience in the sector to build an international radiotherapy services platform. With the active support of Nexxus Iberia and under the management of John Allen, Mercurius has been focused on implementing turnkey radiotherapy solutions for hospitals and clinics to offer cutting-edge treatments, which has allowed it to expand from Portugal into Spain and Germany. The company has executed two long-term projects: i) the installation of a ZAP-X machine in La Paloma’s hospital in Madrid through a JV with Viamed and IRCA, which offers the latest technology to treat head and neck tumours; and ii) the installation of a Halcyon machine in SAMS hospital in Lisbon. Mercurius also has completed the acquisition of the Robert Janker Klinic, Bonn, which is specialized in radiotherapy and radiology which, marks its first project in Germany. In addition, the digitalization of the company has been driven by developing a proprietary Remote Planning tool (Mercurius Connect) for radiotherapy services and the implementation of business intelligence systems.

John Allen, CEO of Mercurius Health further commented: “Partnering with Nexxus Iberia gave us the opportunity to transform a local company specialized in providing radiotherapy services in Portugal into a Europe’s leading B2B provider of a wide range of radiotherapy and nuclear medicine services. Nexxus has actively supported the company’s growth through the introduction of new resources and have shown great adaptability to develop new business lines and foster digitalization.”

Alejandro Diazayas, Managing Partner of Nexxus Iberia, further commented: “We are proud of having contributed to the value creation of Mercurius in conjunction with an outstanding management team and all the employees. At Nexxus Iberia, we have built over the years relevant expertise in healthcare, which is a Press release considered a key sector for our investment strategy and in line with our broader values of serving a purpose. Indeed, with Mercurius, we are proud to have supported a company in a fundamental sector for society through the utilization of state-of-the-art technologies and the provision of advanced services to patients.”

Pinsent Masons acted as legal advisor to the sellers in the transaction with a team led by partner Francisco Aldavero and associate Elena Ribelles.

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