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.

This transaction is part of the Healthcare & Pharma industry, which currently tracks an average EBITDA multiple of 12.8x since the beginning of 2026, a stable level compared to 2025. This data is based on the contribution of our growing community, composed of M&A and private equity professionals.