Jardine Matheson to buy Australian imaging business I-MED in $3.1 billion deal
Asia-based conglomerate Jardine Matheson will buy Australian medical-imaging business I-MED in a $3.1 billion deal. According to the Straits Times, Jardine has recently been ramping up efforts to lift investor returns.
Asia-based conglomerate Jardine Matheson said it will acquire Australian medical-imaging chain I-MED in a $3.1 billion deal. According to the Straits Times, the transaction fits a strategy of broadening the group's portfolio and leaning into healthcare infrastructure that offers steady cash flows.
The report noted that Jardine has recently focused on lifting investor returns and deploying its capital more efficiently. Medical imaging is seen as a relatively defensive, growing sector, supported by ageing populations and rising demand for diagnostics.
Completion of the deal will depend on regulatory approvals and customary closing conditions. This article is for information only and is not investment advice.
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