Jardine Matheson Holdings, a Hong Kong-based conglomerate, is reported to be nearing an agreement to acquire I-MED Radiology Network Ltd. in a deal valued at about US$2.4 billion (A$3.4 billion). Bloomberg reports that the company is close to reaching an arrangement, citing people familiar with the matter. The South China Morning Post and other coverage describe Jardine Matheson as buying the entire stake in the Australian diagnostic and teleradiology group.
I-MED Radiology Network operates a network of diagnostic imaging clinics across Australia and New Zealand, with coverage that includes metropolitan and regional communities. One report says I-MED has 215 diagnostic imaging clinics. The acquisition would expand Jardine Matheson’s healthcare and diagnostics exposure by adding what it characterizes as Australia’s biggest medical diagnostic imaging provider.
While the sources describe deal size and strategic rationale, they do not provide details in the excerpts about timing, regulatory approvals, or financing terms. The reports indicate the transaction is among Jardine Matheson’s larger recent acquisitions.
