When was GROUPE IMAGERIE CARDINET acquired by ANDERA PARTNERS?

GROUPE IMAGERIE CARDINET was acquired by ANDERA PARTNERS in 2023.

What was the revenue of GROUPE IMAGERIE CARDINET at the time of the deal?

The revenue of GROUPE IMAGERIE CARDINET at the time of the deal is estimated to be in the range of 25M - 50M EUR.

How is the data for the GROUPE IMAGERIE CARDINET acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the GROUPE IMAGERIE CARDINET deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.anderapartners.com/fr/le-groupe-imagerie-cardinet-se-renforce-pour-accelerer-son-modele-entrepreneurial/

What is the average EV/EBITDA multiple for the Healthcare & Pharma sector in 2026?

The average EV/EBITDA multiple for the Healthcare & Pharma sector in 2026 is 14.3x.

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Home Database Healthcare & PharmaGROUPE IMAGERIE CARDINET

12/2023

GROUPE IMAGERIE CARDINET acquired by ANDERA PARTNERS

FRANCE Health Providers / Outpatient Care / Radiology REV 25M - 50M EUR

Context

Andera Acto is providing minority financing to Imagerie Cardinet to support its next phase of expansion. The transaction is structured to allow the associate radiologists to maintain a massive majority, representing approximately 95% of the capital. This strategic funding provides the group with a development envelope of nearly EUR100 million to finance external growth. The investment strategy aims to reinforce the group's presence in the Paris region and initiate its expansion on a national scale, with several new centers expected to join by the end of the year. The operation also facilitates the entry of seven new associate radiologists into the capital structure, further strengthening the group's medical-led entrepreneurial model.

GROUPE IMAGERIE CARDINET, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).

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Target

Founded in 1980, Groupe Imagerie Cardinet is a leading medical imaging player in the Paris region. Historically specialized in women s and pediatric imaging, it has evolved into a multidisciplinary group with 14+ centers. It operates under an entrepreneurial model where physicians retain a strong majority of the capital.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

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2024

2023

Other operations with GROUPE IMAGERIE CARDINET

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2024	GROUPE IMAGERIE CARDINET	RADIOLOGIE PARIS OUEST	FRANCE	Radiology

REFERENCES

Revenue range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE IMAGERIE CARDINET by ANDERA PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: andera partners