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Jardine Matheson buys Australia-based diagnostic chain at enterprise value of A$3.4 bil

The Edge Singapore
The Edge Singapore • 2 min read
Jardine Matheson buys Australia-based diagnostic chain at enterprise value of A$3.4 bil
Photo: Bloomberg
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Jardine Matheson Holdings is acquiring Australia-based I-MED Radiology Network (I-MED) for an enterprise value of A$3.4 billion, marking a major move into healthcare for a conglomerate better known for its property, retail and hospitality businesses.

I-MED is described as a "global leader in diagnostic imaging and teleradiology" and the deal includes its minority interest in Harrison.ai, a pioneer in developing radiology AI solutions, including CT brain and chest scans.

It runs 215 diagnostic imaging clinics across metropolitan and regional communities in Australia and New Zealand.

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