EVERLIGHT RADIOLOGY acquired by LIVINGBRIDGE
Context
Livingbridge has announced the acquisition of a stake in Everlight Radiology, a world-renowned teleradiology provider, from Intermediate Capital Group (ICG), a global alternative asset manager. This secondary LBO transaction provides the technology-enabled healthcare platform with a new premier institutional sponsor to back its next international growth chapter.
EVERLIGHT RADIOLOGY, which reported an EBITDA margin of LOGIN in 2023, 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
Everlight Radiology is a premier global technology-enabled teleradiology platform specializing in emergency (vrad) and routine diagnostic reporting services. Established in 2006 and operating out of hubs in the UK, Australia, New Zealand, and Ireland, the company serves as a mission-critical infrastructure partner for public hospital networks (such as the UK's NHS) and private healthcare operators. Its highly defensible business model centers on a proprietary global "follow-the-sun" operational framework. By leveraging a vast cloud-based network of accredited, consultant--level radiologists stationed across different time zones, Everlight delivers rapid, high-fidelity scan interpretations 24/7/365, effectively converting urgent night-time hospital requests into daytime working hours for remote specialists.
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Historical Financials (AUD)
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REFERENCES
Valuation range: EV 500M - 1.5b AUD
EBITDA range: 25M - 50M AUD
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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: everlight radiology
Acquirer: livingbridge