Pan-Asian private equity firms may have bowed out of the Morgan Stanley-run sales process for I-MED Holdings Pty Limited, but other global funds are said to remain in hot pursuit of the $1 billion radiology provider, I-MED Holdings Pty Limited. DataRoom understands Britain-based private equity firm Permira Advisers Ltd. has made the shortlist to buy the healthcare group. Also remaining in the competition is Canadian pension fund Ontario Teachers' Pension Plan.

Another shortlisted party is Golden Meditech of Hong Kong. Other Asian suitors are thought to be in the race. Pacific Equity Partners, Carlyle and Affinity all bowed out earlier on.