Alliance Medical Ltd., the U.K. medical imaging company owned by private equity firm Dubai International Capital LLC, hired Philippe Houssiau as chief executive officer as it seeks to restructure debt.
Houssiau replaces Alan Pilgrim, who left Alliance Medical in August. He was previously CEO of Telegentis NV, a Belgium- based IT service provider for the healthcare industry, and head of the healthcare unit of AGFA-Gevaert NV, a Belgium maker of radiology systems.
Houssiau, who joined Oct. 1, is meeting with investors before the expiry of a debt standstill agreement in November. Loan holders agreed to not enforce debt covenants since May to give Warwickshire, England-based Alliance time to reach an agreement. Alliance Medical owes a total 555 million pounds ($880 million), including 140 million pounds to junior lenders.
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