Global investment firm Permira today announced that a company backed by the Permira funds has signed a definitive agreement to acquire I-MED Radiology Network (“I-MED”), the largest provider of diagnostic imaging services in Australia from EQT Mid Markets funds and other existing shareholders.
Formed in 2000 from the combination of I-MED, DCA and MIA, I-MED is Australia’s largest medical imaging clinic Group, which via a process of internal growth and acquisitions reached c.A$700m revenue in 2017. I-MED operates over 200 clinics throughout Australia covering major metropolitan areas and significant parts of rural Australia. Each year more than 4 million patient procedures are performed by I-MED’s more than 300 radiologists, 50 nuclear medicine specialists, and 3,500 staff.
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