RADIOLOGIE PARIS OUEST acquired by GROUPE IMAGERIE CARDINET
Context
Groupe Imagerie Cardinet acquired 100% of Radiologie Paris Ouest from its previous majority shareholder, Azulis Capital, which had held a stake since 2019. The transaction was financed with the support of Andera Acto (Andera Partners' sponsorless/mezzanine arm), which had already invested in Cardinet in 2023. A critical feature of the deal is the significant reinvestment by RPO's 20 radiologist-associates, who rolled over more than 50% of their proceeds into the combined holding company. This merger creates a major regional champion in the Ile-de-France area, with a combined pool of over 60 partner-physicians and a dense network of centers across Paris and its western and eastern suburbs.
RADIOLOGIE PARIS OUEST, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).
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Target
Radiologie Paris Ouest (RPO) is a prominent medical imaging group operating in the western suburbs of Paris (Hauts-de-Seine). It consists of approximately 15 imaging centers and a team of 20 liberal radiologists. The group is a pure-play diagnostic imaging provider offering general and specialized radiology services (MRI, CT, Ultrasound).
Ent. Value
€10–30M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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Other operations with GROUPE IMAGERIE CARDINET
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2023 | ANDERA PARTNERS | GROUPE IMAGERIE CARDINET | FRANCE | Radiology |
REFERENCES
Revenue range: €10–30M
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