AMERICAN SECURITIES takes majority stake in SIMONMED IMAGING
Context
SimonMed Imaging has entered into a strategic partnership with American Securities, a leading US private equity firm, as part of a growth investment aimed at supporting the company's next phase of expansion. Following the transaction, American Securities has become a shareholder of SimonMed alongside the company's founder and CEO, Dr. John Simon, who retains a central role in the company's governance and strategic direction. This partnership comes at a time of significant growth in the US outpatient medical imaging market, driven by the increasing shift of diagnostic exams from hospitals to specialized centers offering lower-cost services. American Securities was attracted to SimonMed's unique positioning, which combines the operation of imaging centers with in-house radiologist interpretation, as well as its ability to offer competitive pricing. With this investment, SimonMed aims to accelerate its organic and inorganic growth by strengthening its presence in existing markets and pursuing expansion into new regions across the US. The capital injection will also enable the company to invest further in cutting-edge imaging equipment, artificial intelligence solutions for medical diagnosis, and enhanced patient experience initiatives.
SIMONMED IMAGING, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Healthcare & Pharma sector (14.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in 2002 by Dr. John Simon and headquartered in Scottsdale, Arizona, SimonMed Imaging is one of the largest independent outpatient medical imaging networks and a leading radiology group in the United States. The company operates over 160 imaging centers across 11 states, performing nearly two million exams annually. Its integrated model combines direct ownership of imaging centers with the employment of specialized radiologists who interpret exams, enabling complete control over the diagnostic value chain. SimonMed offers a comprehensive range of diagnostic imaging services, including MRI, CT scans, ultrasound, 3D mammography, PET/CT, nuclear medicine, DEXA scans, and conventional radiography. The group differentiates itself through its focus on affordable healthcare, utilization of state-of-the-art equipment, and deployment of subspecialized radiologists to enhance diagnostic quality. With over 2,200 employees, including approximately 200 radiologists, SimonMed has established itself as a leading provider of community-based medical imaging services in the United States.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 500M - 1.5b USD
EBITDA range: 50M - 100M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: simonmed imaging
Acquirer: american securities