I-MED Radiology

Executive Summary

Australia's largest medical imaging network, running about 240 clinics offering X-rays, MRIs, CT scans and ultrasounds. Owned by private equity firm Permira since 2018, the company has hired Reunion Capital Partners to prepare a roughly AU$3 billion ASX listing in 2026. The business is profitable and generates steady cash from Medicare-funded scans, but growth depends on Medicare rebate decisions, radiologist supply, and successfully rolling out AI tools that read scans faster.