Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Pacific Radiology to acquire Wakefield Radiology

Commission clears Pacific Radiology to acquire Wakefield Radiology

The Commerce Commission has granted a clearance to Pacific Radiology Limited to acquire the radiology services, business and assets of Wakefield Radiology Limited.

Pacific Radiology provides radiology services in Christchurch, Nelson and the Hutt Valley, while Wakefield Radiology has clinics in the Wellington and Wairarapa regions.

Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition would not have, nor would be likely to have, the effect of substantially lessening competition in the markets for:

- the provision of private low tech radiology services in each of the following regions within the greater Wellington area:

- Wellington city and suburbs;

- Wellington North (Johnsonville, Newlands, Tawa, Crofton Downs);

- Hutt Valley;

- Porirua;

- Kapiti Coast; and

- Masterton (the low tech markets); and

- the provision of the following private high tech radiology services for the greater Wellington area:

- MRI scans (the MRI market);

- CT scans (the CT market);

- Nuclear medicine (the nuclear market); and

- Interventional radiology, including angiography (the interventional market.

"The likelihood of new entry in the face of an attempt by the merged entity to raise prices, coupled with the ability of health funders such as ACC, health insurers, and DHBs to influence pricing of radiology services, is likely to provide sufficient constraint in the high tech markets. The Commission was satisfied there would be no aggregation in the low tech markets," said Ms Rebstock.

A public version of the decision will shortly be available on the Commission's website under the Adjudication section.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news