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

 

Pacific Radiology acquisition cleared

Pacific Radiology cleared to acquire Wellington Radiology

The Commerce Commission has cleared Pacific Radiology Limited to acquire all the assets of Wellington Radiology Limited.

Commission Chair Paula Rebstock said the Commission undertook an extensive investigation into the Application for Clearance submitted by Pacific Radiology and found that the alternative to Pacific Radiology acquiring Wellington Radiology is the exit of Wellington Radiology from the relevant markets. To this extent, the Commission considers that, either with or without the acquisition, there is likely to be little difference in the level of competition in the relevant markets.

In the Greater Wellington region, there are only two private providers of radiology services: Wellington Radiology and Pacific Radiology. The acquisition would result in there being only one provider in the region.

Wellington Radiology is owned and operated by two radiologists, one of whom intends to retire. As there is a nationwide shortage of radiologists, Wellington Radiology has been unsuccessful in finding a radiologist to replace the retiring partner.

Because of this, Wellington Radiology has sought to sell its business but has not attracted any offers from outside of the region, despite concerted efforts to do so. This is largely due to the shortage of radiologists.

Consequently the Commission has concluded that the acquisition of Wellington Radiology Ltd by Pacific Radiology Limited would not have, or would not be likely to have, the effect of substantially lessening competition in the market.

Background
Pacific Radiology Limited provides both low tech radiology services, such as X-rays and mammograms, and high tech radiology services, such as CT scans and MRI scans, from a number of practice locations in the greater Wellington region. Presently, Pacific Radiology utilises the services of 13 radiologists in the Greater Wellington region.

Wellington Radiology Limited provides low tech radiology services from its practice locations in Central Wellington, the Bowen Hospital and in Porirua.

A public version of the written decision will be available as soon as practicable on the Commission's website, www.comcom.govt.nz, under Public Registers.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: