Private equity firm Permira is selling Australia's largest radiology provider, I-Med Radiology Network, for $2.4 billion to Hong Kong-based Jardine Matheson, acquiring a 100% ownership stake. I-Med, which operates 215 diagnostic imaging centers in Australia and New Zealand, recently expanded into the U.S. by acquiring teleradiology provider StatRad. Permira purchased I-Med in 2018 for nearly $900 million, marking a 39% return on investment with this sale. Jardine plans to leverage I-Med's strengths and invest in growth within existing and new markets, with a focus on sustaining high earnings growth and continued innovation, particularly in artificial intelligence. The deal, anticipated to close by the end of 2026, is subject to regulatory approval.
Tue, 26 May 2026 06:07:06 GMT | Radiology Business