Private equity-backed I-MED, Australia’s largest diagnostic imaging provider, is entering the U.S. market with the acquisition of San Diego-based teleradiology group StatRad. I-MED Radiology Network had been searching for a target to expand into North America, seeing parallels with its home market, CEO Shrey Viranna told the Australian Financial Review. I-MED said it expects to add about $90 million in annual revenue and $20 million in earnings (before interest, taxes, depreciation and amortization) by acquiring the company. Founded in 1995, StatRad bills itself as the second largest telerad provider in the States.
Read the full article: Private Equity-Backed I-MED, Australia’s Largest Imaging Provider, Enters US with Teleradiology Acquisition //
Source: https://radiologybusiness.com/topics/healthcare-management/mergers-and-acquisitions/private-equity-backed-i-med-australias-largest-imaging-provider-enters-us-teleradiology-acquisition