The acquisition is one of the investment company’s largest in recent years and follows its Mandarin Oriental buyout in January
2-MIN READ2-MIN ListenCheryl ArcibalPublished: 7:59pm, 25 May 2026Jardine Matheson, an investment company headquartered in Hong Kong, announced on Monday the A$3.4 billion (US$2.4 billion) acquisition of the entire stake of an Australian diagnostic and teleradiology group.The acquisition of I-MED Radiology Network, which spans 215 diagnostic imaging clinics across metropolitan and regional communities in Australia and New Zealand, is one of Jardine Matheson’s largest in recent years, following its full takeover of the luxury hotel unit Mandarin Oriental in a buyout completed in January, which valued the unit at US$4.2 billion.The deal marked “a significant step” for Jardine Matheson’s “strategic evolution as an Asia-Pacific-focused investor and control owner of high-quality businesses in the region”, the investment company said in a statement. The deal also covered I-MED’s minority interest in Harrison.ai, which develops radiology AI solutions, including CT brain and chest scans.Advertisement“The investment in I-MED is consistent with Jardines’ capital allocation priorities to invest for control in market-leading assets and to expand Jardines into strong growth verticals such as healthcare diagnostics,” the statement said.
