Jardine Matheson Buys Australia's I-MED in $2.4 Billion Deal
Jardine Matheson will buy Australia's I-MED for $2.4 billion to expand into healthcare. The deal includes an AI stake and is expected to close during 2026.
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JARDINE MATHESON HOLDINGS agreed to acquire Australia-based I-MED Radiology Network for a total enterprise value of A$3.4 billion ($2.4 billion). The Hong Kong-based conglomerate will purchase the 100% stake from funds advised by Permira and other shareholders. The deal pivots the group toward high-growth healthcare diagnostics, adding 215 clinics and AI capabilities to its portfolio.
