ACCC approval for IDX acquisition

Integral Diagnostics (ASX: IDX) has received approval from the Australian Competition & Consumer Commission (ACCC) for its proposed acquisition of Capitol Health. Approval is conditional on the divestiture of Capitol Health's radiology clinic in Melton, Victoria. This measure is to ensure competition remains in the region.

Summary of ACCC conditions and acquisition

The ACCC has approved Integral Diagnostics' acquisition of Capitol Health, conditional on divesting a radiology clinic in Melton, Victoria. This step is to prevent reduced competition and potential service issues in the area. The acquisition includes 60 radiology sites across four Australian states. The ACCC found no competition concerns in other regions. Integral Diagnostics operates under brands like Apex Radiology and Lake Imaging, while Capitol Health has brands like Capital Radiology. The ACCC's decision ensures market competition and service quality remain intact.

Executive commentary on acquisition

The ACCC requires the divestiture of Capitol Health’s radiology clinic in Melton, Victoria, to ensure competition remains robust in the region. The undertaking is court-enforceable, implying legal obligations for Integral Diagnostics.