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Jardine Matheson to Buy Australia's I-MED for $2.4B

Jardine Matheson acquires Australian medical imaging firm I-MED Radiology Network for $2.4 billion enterprise value.

Daniel Rodriguez
ByDaniel Rodriguez- Senior Editor
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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), marking a major push into healthcare diagnostics.

The Hong Kong-based conglomerate will buy a 100% stake from Permira and other shareholders, funded through cash and debt.

I-MED operates 215 diagnostic imaging clinics in Australia and New Zealand, performing over 7 million procedures annually.

The deal, including I-MED's minority stake in Harrison.ai, is expected to close in 2026 after regulatory approvals.

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