Jardine Matheson acquires Australia's I-MED Radiology Network for A$3.4 billion
Hong Kong-based Jardine Matheson is acquiring I-MED Radiology Network, a major Australian medical imaging provider, for A$3.4 billion ($2.4 billion). The deal, funded through cash and debt, involves buying a 100% stake from private equity firm Permira. I-MED operates 215 clinics in Australia and New Zealand, performing over 7 million procedures annually, and includes a minority stake in AI developer Harrison.ai. The acquisition expands Jardine’s healthcare footprint and is pending regulatory approval, expected to close in 2026.
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Jardine Matheson to acquire I-MED Radiology Network for $2.4bn
Jardine Matheson has agreed to acquire I-MED Radiology Network, an Australian diagnostic imaging and teleradiology provider, for an enterprise value of A$3.4bn ($2.4bn). The deal covers 100% of I-MED from funds advised by Permira and other shareholders, including I-MED's minority stake in Harrison.ai, an AI radiology solutions developer. I-MED operates 215 clinics across Australia and New Zealand, performing over seven million patient procedures annually with more than 500 radiologists. Services include MRI, CT, PET, nuclear medicine, ultrasound, and X-ray, along with teleradiology in Australia, New Zealand, and the US. The acquisition will be funded through cash and debt, aligning with Jardine Matheson's strategy to invest in market-leading Asia Pacific businesses. I-MED's core business is forecast to deliver an adjusted EBITDA multiple of about 11.5x the acquisition price for the 12 months ending June 2026. Completion is subject to regulatory approvals and expected later in 2026.
Yahoo FinanceJardine Matheson to Acquire I-MED Radiology Network for $2.4 Billion
Jardine Matheson has agreed to acquire I-MED Radiology Network, an Australian diagnostic imaging and teleradiology provider, for an enterprise value of A$3.4 billion ($2.4 billion). The deal covers 100% of I-MED from funds advised by Permira and other existing shareholders, and includes I-MED's minority stake in Harrison.ai, a company developing AI solutions for radiology. I-MED operates 215 clinics across Australia and New Zealand, performing over seven million patient procedures annually with a team of more than 500 radiologists. Its services include MRI, CT, PET, nuclear medicine, ultrasound, and X-ray, as well as teleradiology in Australia, New Zealand, and the US. The acquisition will be funded through a mix of Jardine Matheson's cash and debt, aligning with its long-term strategy to invest in market-leading Asia Pacific businesses. Completion is subject to regulatory approvals and expected later in 2026.
Yahoo FinanceJardine Matheson to acquire I-MED Radiology Network for $2.4bn
Jardine Matheson has agreed to acquire I-MED Radiology Network, an Australian diagnostic imaging and teleradiology provider, for an enterprise value of A$3.4bn ($2.4bn). The deal covers 100% of I-MED from funds advised by Permira and other shareholders, and includes I-MED's minority stake in Harrison.ai, an AI radiology solutions developer. I-MED operates 215 clinics across Australia and New Zealand, performing over seven million patient procedures annually with more than 500 radiologists. Services include MRI, CT, PET, nuclear medicine, ultrasound, and X-ray, as well as teleradiology in Australia, New Zealand, and the US. The acquisition will be funded through cash and debt, aligning with Jardine Matheson's strategy to invest in market-leading Asia Pacific businesses. I-MED's core business is forecast to deliver an adjusted EBITDA multiple of about 11.5x the acquisition price. Completion is subject to regulatory approvals and expected later in 2026.
Yahoo FinanceJardine Matheson to acquire I-MED Radiology Network for $2.4bn
Jardine Matheson has agreed to acquire I-MED Radiology Network, an Australian diagnostic imaging and teleradiology provider, for an enterprise value of A$3.4 billion ($2.4 billion). The deal covers 100% of I-MED from funds advised by Permira and other shareholders, and includes I-MED's minority stake in Harrison.ai, an AI radiology solutions developer. I-MED operates 215 clinics across Australia and New Zealand, performing over seven million patient procedures annually with more than 500 radiologists. Services include MRI, CT, PET, nuclear medicine, ultrasound, and X-ray, along with teleradiology in Australia, New Zealand, and the US. The acquisition will be funded through cash and debt, aligning with Jardine Matheson's strategy to invest in market-leading Asia Pacific businesses. I-MED's core business is forecast to deliver an adjusted EBITDA multiple of about 11.5x the acquisition price. The transaction is subject to regulatory approvals and expected to close later in 2026.
Yahoo FinanceJardine Matheson to acquire Australia's I-MED Radiology Network for $2.4 billion
Hong Kong-based Jardine Matheson has agreed to acquire Australian medical imaging provider I-MED Radiology Network for an enterprise value of A$3.4 billion ($2.4 billion). The deal involves buying a 100% stake from private equity firm Permira and other shareholders, funded through cash reserves and debt financing. I-MED operates 215 diagnostic imaging clinics in Australia and New Zealand, performing over 7 million procedures annually, and also provides teleradiology services. The acquisition includes I-MED's minority stake in Harrison.ai, a radiology AI developer. Jardines expects the deal to be neutral to earnings per share in the first full year and accretive thereafter. The transaction requires regulatory approvals and is expected to close later in 2026.
Yahoo FinanceJardine Matheson to Acquire Australia's I-MED Radiology Network for $2.4 Billion
Hong Kong-based Jardine Matheson has agreed to acquire Australian medical imaging provider I-MED Radiology Network for an enterprise value of A$3.4 billion ($2.4 billion). The deal, announced on May 25, 2026, involves purchasing a 100% stake from private equity firm Permira and other shareholders. The acquisition includes I-MED's minority interest in Harrison.ai, a developer of radiology AI solutions. Jardines will fund the purchase through cash reserves and debt financing. I-MED operates 215 diagnostic imaging clinics in Australia and New Zealand, performing over 7 million procedures annually, and also provides teleradiology services. The deal values I-MED at approximately 11.5 times forecast adjusted EBITDA for the year ending June 2026, excluding the Harrison.ai stake. Jardines expects the transaction to be neutral to underlying earnings per share in its first full year and accretive thereafter. The acquisition requires regulatory approvals and is expected to close later in 2026.
Yahoo FinanceJardine Matheson acquiring I-MED Radiology Network for A$3.4 billion
Jardine Matheson, a diversified Asian conglomerate, is acquiring I-MED Radiology Network, a major Australian medical imaging provider, for A$3.4 billion. The deal will be funded through the company's existing cash reserves and debt. The acquisition marks a significant expansion for Jardine Matheson into the healthcare sector in Australia. I-MED Radiology Network operates a large network of diagnostic imaging clinics across Australia. The transaction is expected to close pending regulatory approvals. The article was published by The Business Times Singapore on May 25, 2026, and reported by journalist Chloe Lim.
The Business TimesJardine Matheson acquiring I-MED Radiology Network for A$3.4 billion
Jardine Matheson, a diversified Asian conglomerate, is acquiring I-MED Radiology Network, a major Australian medical imaging provider, for A$3.4 billion. The deal will be funded through the company's existing cash reserves and debt. The acquisition marks a significant expansion for Jardine Matheson into the healthcare sector in Australia. I-MED Radiology Network is one of the largest diagnostic imaging providers in the region. The transaction is expected to close pending regulatory approvals. The article was published by The Business Times Singapore on May 25, 2026, and reported by Chloe Lim.
The Business TimesJardine Matheson acquiring I-MED Radiology Network for A$3.4 billion
Jardine Matheson, a diversified Asian conglomerate, is acquiring I-MED Radiology Network, a major Australian medical imaging provider, for A$3.4 billion. The deal will be funded through the company's existing cash reserves and debt. The acquisition marks a significant expansion for Jardine Matheson into the healthcare sector in Australia. I-MED Radiology Network operates a large network of imaging centers across Australia. The transaction is expected to close pending regulatory approvals. The article was published by The Business Times Singapore on May 25, 2026, and reported by Chloe Lim.
The Business TimesJardine Matheson acquiring I-MED Radiology Network for A$3.4 billion
Jardine Matheson, a diversified Asian conglomerate, is acquiring I-MED Radiology Network, a major Australian medical imaging provider, for A$3.4 billion. The deal will be funded through existing cash and debt. The acquisition marks a significant expansion for Jardine Matheson into the healthcare sector in Australia. I-MED Radiology Network operates a large network of radiology clinics across Australia. The transaction is expected to close pending regulatory approvals. The article was published by The Business Times Singapore on May 25, 2026, and reported by Chloe Lim.
The Business Times