MEINE RADIOLOGIE acquired by EQT PARTNERS
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 in 2020, 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
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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Other operations with MEINE RADIOLOGIE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2022 | MEINE RADIOLOGIE | ALERIS - RADIOLOGY | SWEDEN | Radiology |
REFERENCES
Revenue range: 50M - 100M EUR
EBITDA range: 25M - 50M EUR
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Press release: view release
Acquirer: eqt partners