Jardine Matheson to acquire Australian diagnostic imaging service provider for $2.4 billion

Glonghui, May 25｜Jardine Matheson has agreed to acquire an Australian diagnostic imaging services provider in a deal valued at $2.4 billion, a move that will strengthen the conglomerate’s operations in the defensive healthcare sector. Jardine Matheson announced on Monday that it will acquire I-MED Radiology Network from private equity firm Permira in an all-cash transaction. The acquisition also includes the diagnostic company’s minority stake in Harrison.ai. Harrison.ai develops radiology artificial intelligence (AI) solutions, including analysis of CT brain and chest scans. I-MED operates 215 diagnostic imaging clinics in Australia and New Zealand, performing over 7 million examinations for patients annually. The company also conducts remote radiology business in Australia, New Zealand, and the United States. The deal is expected to be completed by the end of 2026, pending regulatory approvals.