mynth
09/2022

REVEL acquired by ORADIANSE

FRANCE Health Providers / Outpatient Care / Radiology REV 1m EUR - 100m EUR

Context

Oradianse, a leading group of radiologists, has acquired a radiology practice in Revel, located in the Haute-Garonne region near Toulouse. This move is part of the company's territorial development strategy, aimed at strengthening its presence in the Occitanie region and consolidating its national network of medical imaging centers. The practice, previously owned by Dr. Gazel since 2019, was seeking a successor to ensure continuity of care for patients in the area as Dr. Gazel prepares for retirement. Through this acquisition, Oradianse is further developing its model of shared medical and technological resources across multiple imaging centers. The integration of the Revel practice is expected to enable the gradual rollout of a teleradiology-based organization, allowing practitioners to remotely access and interpret images from multiple sites within the same geographic area. This approach aims to improve radiologist availability, optimize patient care timelines, and secure the long-term sustainability of imaging services in areas where medical recruitment can be more challenging. By joining Oradianse's national network, the Revel practice will benefit from expanded medical resources, additional investment capacity, and shared organizational tools. As a radiologist-led and owned company, Oradianse is pursuing its growth strategy through targeted acquisitions of independent practices, seeking to preserve local care offerings while developing medical and operational synergies on a national scale. The transaction was advised by the consulting firm Entreprise & Décisions.

REVEL, which reported an EBITDA margin of in 2022, 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 (15.3x).

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Target

The Revel Radiology Center is a local medical imaging facility located in the Haute-Garonne region, approximately 50 miles from Toulouse. As the sole imaging center in the Revel catchment area, it serves a population of around 33,000 residents. For several years, the facility has been operated by Dr. Gazel, a radiologist who provides a diverse range of services to meet the everyday diagnostic imaging needs of the local community. The center offers a comprehensive suite of primary care examinations, including conventional radiology, dental imaging, ultrasound, and mammography. It also participates in the national breast cancer screening program, playing a vital role in the prevention and early detection of breast pathologies within its territory. Thanks to this local offering, patients can access diagnostic exams without having to travel to major hospitals or specialized facilities in Toulouse.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2022
2021

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: oradianse