PACIFIC RADIOLOGY GROUP acquired by INFRATIL
Context
Infratil acquired a majority stake in Pacific Radiology from its existing doctor shareholders. The remaining equity continues to be held by the group's doctors and management, maintaining a strong clinical alignment. The acquisition was funded through Infratil's committed acquisition bridge facility and was a key part of its strategy to build a trans-Tasman healthcare platform, following its acquisition of Qscan in Australia the previous year.
PACIFIC RADIOLOGY GROUP, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Healthcare & Pharma sector (14.3x).
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Target
Pacific Radiology is New Zealand s largest private provider of diagnostic imaging services. At the time of the deal, it operated 46 clinics across the South Island and lower North Island, employing 90 radiologists. The group is a critical component of the NZ healthcare system, providing essential diagnostic services to both private patients and the public health sector via outsourcing.
Ent. Value
NZD 500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (NZD)
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| 12/2020 | FRESENIUS | EUGIN GROUP | SPAIN | Outpatient Care |
| 12/2020 | ANTIN INFRASTRUCTURE | HIPPOCRATES (LAF - LA FARMACIA) | ITALY | Pharmacy |
| 12/2020 | RADIOLOGY PARTNERS | MEDNAX RADIOLOGY SOLUTIONS | UNITED STATES | Radiology |
Other operations with INFRATIL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2020 | INFRATIL | QSCAN GROUP | AUSTRALIA | Radiology |
REFERENCES
Valuation range: EV NZD 500M–1.5bn
Revenue range: NZD 100–200M
EBITDA range: NZD 50–100M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PACIFIC RADIOLOGY GROUP by INFRATIL 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
Target: pacific radiology group
Acquirer: infratil