1 November 2021

I-MED Radiology Network, Australia’s leading radiology provider, has entered into an agreement to acquire Hamilton Radiology and Midland MRI. I-MED entered the New Zealand teleradiology market earlier this year, and this acquisition is I-MED’s first major investment in radiology clinics in the New Zealand market.

Hamilton Radiology and Midland MRI is a high-quality business that provides a comprehensive range of medical imaging procedures including MRI and PET/CT services to the communities of Waikato, Bay of Plenty and Rotorua.  Comprising 17 clinics located across the North Island, the business is led by a team of 25 experienced radiologists highly regarded for their sub-specialist expertise. 

Sebastian Hoffmann, who leads Permira’s healthcare activities in Asia-Pacific and serves on the board of I-MED, commented: “We are delighted to support I-MED’s growth into the attractive New Zealand imaging market, with the acquisition of the high-quality Hamilton Radiology and Midland MRI business. We remain excited about the future prospects of I-MED as a leading platform in diagnostic imaging, not only in Australia but globally, and will continue to support the company in its strategic growth agenda, including the advancement of its technological leadership through teleradiology and artificial intelligence.”

The acquisition is subject to customary regulatory and third-party consents and is expected to complete by early next year.