At what enterprise value was SIMAGO acquired in 2022?

During the acquisition of SIMAGO by ARDIAN in 2022, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of SIMAGO when it was acquired by ARDIAN?

The estimated EV/EBITDA multiple for SIMAGO is in the range of 15x - 25x.

When was SIMAGO acquired by ARDIAN?

SIMAGO was acquired by ARDIAN in 2022.

What was the revenue of SIMAGO at the time of the deal?

The revenue of SIMAGO at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of SIMAGO during the acquisition?

SIMAGO's EBITDA is estimated to be in the range of 25M - 50M EUR.

How is the data for the SIMAGO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SIMAGO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/Build-up/Simago-passe-l-ouest-au-rayon-X-460577

What is the average EV/EBITDA multiple for the Healthcare & Pharma sector in 2026?

The average EV/EBITDA multiple for the Healthcare & Pharma sector in 2026 is 14.3x.

← DATABASE

Home Database Healthcare & PharmaSIMAGO

06/2022

SIMAGO acquired by ARDIAN

FRANCE Health Providers / Outpatient Care / Radiology EV 500M - 1.5b EUR

Context

Ardian acquired a significant minority stake in Simago. The investment was designed to support the group's rapid "buy-and-build" strategy in a highly fragmented French market. Unlike traditional LBOs, the deal was structured to preserve the medical independence of the associate radiologists, who continue to hold the majority of the capital and voting rights alongside the founding management team.

SIMAGO, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (14.3x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Founded in 2019, Simago is a leading French medical imaging network. It operates as a "third way" consolidation platform, partnering with independent radiologists while allowing them to remain active associates in their clinics. At the time of the deal, the group managed a network of 28 centers across France, operating 16 MRI scanners and 15 CT scanners, with a medical team of 78 radiologists. Simago specializes in the full spectrum of diagnostic services, including MRI, CT, ultrasound, and mammography.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Health Providers

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2022	ANDERA PARTNERS	GROUPE RESONANCE IMAGERIE	FRANCE	Radiology
07/2022	LATOUR CAPITAL	PHARMACIE LAFAYETTE - GROUPE HYGIE31	FRANCE	Pharmacy
06/2022	EURAZEO	SEVETYS	FRANCE	Vet Clinics
06/2022	TRITON PARTNERS	ESPERI CARE	FINLAND	Nursing Homes
04/2022	GROUPE BRUXELLES LAMBERT	AFFIDEA	NETHERLANDS	Radiology
02/2022	PARTNERS GROUP	Forefront Dermatology	UNITED STATES	Outpatient Care
02/2022	MEINE RADIOLOGIE	ALERIS - RADIOLOGY	SWEDEN	Radiology
01/2022	WREN HOUSE	VOYAGE CARE	UNITED KINGDOM	Nursing Homes
12/2021	VIVALTO PARTNERS / IK PARTNERS / MACSF / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT	VIVALTO SANTÉ	FRANCE	Clinics / Hospitals
12/2021	RAMSAY HEALTH CARE	ELYSIUM HEALTHCARE	UNITED KINGDOM	Clinics / Hospitals

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 50M - 100M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SIMAGO by ARDIAN 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.

Acquirer: ardian