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03/2018

OUTPATIENT IMAGING AFFILIATES acquired by ICV PARTNERS

UNITED STATES Health Providers / Outpatient Care / Radiology REV 1m USD - 100m USD

Context

ICV Partners has acquired Outpatient Imaging Affiliates (OIA) from its founder, Frank Kyle, and MedCare Investment Funds, a family office. This acquisition represents a platform investment for ICV in the outpatient imaging sector. The firm identified OIA as a well-positioned player due to its partnership-based model with hospital systems, operational expertise, and successful track record of integrating new imaging centers. Given the highly fragmented nature of the US outpatient imaging market, ICV saw this transaction as an opportunity to pursue an active external growth strategy while continuing to drive organic growth. The investor's goal was to accelerate OIA's geographic expansion, strengthen its presence with hospital systems, and broaden its network of imaging centers across the United States. The deal was also expected to enable the company to capitalize on shifts in the healthcare landscape, which are driving an increasing number of diagnostic exams to more efficient outpatient facilities rather than traditional hospitals.

OUTPATIENT IMAGING AFFILIATES, which reported an EBITDA margin of LOGIN in 2018, 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 (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

Outpatient Imaging Affiliates is a leading provider of outpatient diagnostic imaging services in the United States, founded in 2000 and headquartered in Franklin, Tennessee. The company operates 60 outpatient centers in 19 markets and 18 states, and has established long-term partnerships with health systems, academic medical centers, and radiology groups to develop, market, and operate patient-friendly outpatient imaging centers. Outpatient Imaging Affiliates invests equity in each project alongside its local partners, while providing development, management, marketing, billing, and collection services to the joint venture, with a focus on effective execution, patient retention, and improved earnings for its health system partners.

Ent. Value

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EV / EBITDA

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Historical Financials (USD)

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2018
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2017
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Other operations with OUTPATIENT IMAGING AFFILIATES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
10/2021THE CRANEMERE GROUPOUTPATIENT IMAGING AFFILIATESUNITED STATESHealth Providers

Cranemere Group has acquired a majority stake in Outpatient Imaging Affiliates (OIA), a leading US provider of outpatient medical imaging services. This transaction strengthens Cranemere's presence in the healthcare sector by partnering with a prominent player in the diagnostic imaging market

REFERENCES

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

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).

Press release: view release

Target: outpatient imaging affiliates

Acquirer: icv partners