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07/2021

MEINE RADIOLOGIE

Acquired by

EQT PARTNERS

GERMANY Health Providers / Outpatient Care / Radiology REV 50M - 100M EUR

Context

The acquisition of Meine Radiologie Holding by EQT Infrastructure from Triton is a cornerstone transaction in the consolidation of the German outpatient imaging market. Occurring simultaneously with EQT’s acquisition of the Blikk Group from DBAG, the primary rationale for the deal is the merger of these two established entities into a single, market-leading radiology platform. This strategic combination aims to create a dominant player with significant scale in Germany, later rebranded to operate as part of the Evidia group. By integrating Meine Radiologie's network into a larger industrial framework, EQT intends to leverage economies of scale in medical technology purchasing and back-office operations. The deal reflects a "buy-and-build" strategy typical of infrastructure-focused private equity, where fragmented medical services are consolidated to improve service quality and operational efficiency. The transaction marks a successful exit for Triton, which had supported the company’s growth since early 2019, transitioning the asset from a mid-market growth story to a major infrastructure-backed industrial platform.

MEINE RADIOLOGIE, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (13.4x).

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

Meine Radiologie is a Radiology & Radiotherapy Services company based in Germany, providing diagnostic imaging and cancer treatment solutions across a nationwide network of specialized clinics. The entity functions as a high-fidelity diagnostic platform, merging radiological expertise with advanced radiotherapy protocols to support oncological and general medical pathways. The organization secures its market position through technical operational depth, utilizing a distributed model of outpatient centers that integrate cross-sectional imaging, nuclear medicine, and radiation therapy.

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Historical Financials (EUR)

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2020
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2019
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Other operations with MEINE RADIOLOGIE

DateAcquirerTargetCountrySectorDeal Context
ALERIS - RADIOLOGYSWEDENHealth Providers

The divestment of Aleris' radiology arm to Meine Radiologie Holding (backed by EQT Infrastructure) marks a significant consolidation in the Nordic diagnostic imaging market. This transaction was executed in tandem with the sale of Aleris' primary care and rehab units to Praktikertjänst, as part of a broader strategic shift. The rationale for Aleris, under Triton's ownership, is to exit non-core segments to focus exclusively on becoming a specialized healthcare provider in Scandinavia. For the acquirer, the deal provides a major entry point into the Norwegian and Swedish markets, significantly expanding its existing German-focused radiology platform. The integration of 36 diagnostic units allows for significant scale advantages in procurement, technological investment, and standardized medical reporting. This move is consistent with the trend of private equity-backed platforms seeking to create pan-European leaders in capital-intensive medical sub-sectors like radiology.

REFERENCES

Revenue range: 50M - 100M EUR

EBITDA 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 MEINE RADIOLOGIE by EQT PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: eqt partners