Medray Group (Medray) is a leading provider of diagnostic imaging equipment, including X-ray and CT, to customers across the healthcare, veterinary and dental markets in the UK and Ireland.
Employing 120 people – split between its Dublin base and a distribution centre in Hemel Hempstead – it supplies, installs and services equipment for c. 2,700 customers, in addition to providing complementary products and accessories.
Setting sights on growth
In July 2024, LDC backed Medray’s existing management team, led by CEO Siobhán Crowley, as it pursues an ambitious growth strategy underpinned by investment in its sales team, complementary acquisitions and expansion into further diagnostic imaging modalities and complementary product portfolios.
Demand is growing for imaging devices, driven by increasingly stringent regulation and as healthcare providers work to screen for chronic illnesses and care for an increasingly ageing population. We were impressed by LDC’s track record of delivering flexible funding, helping other healthcare businesses to scale across the UK – a significant part of our growth strategy – and in successfully supporting expansion into new markets overseas.”
Siobhan Crowley, CEO, Medray Group, joined our healthcare leaders roundtable discussion to give her viewpoint on innovation, ESG and how private equity is helping the management team at Medray Group to achieve their ambitions.
Read the interview in our sector report