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10/2021

THE CRANEMERE GROUP takes majority stake in OUTPATIENT IMAGING AFFILIATES

UNITED STATES Health Providers / Outpatient Care / Radiology EV 300M - 700M EUR

Context

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. OIA's attractive positioning is driven by its joint venture model with hospital systems, a segment fueled by the ongoing growth in demand for care delivered outside traditional hospital settings. Outpatient imaging centers offer a cost-effective solution that enhances patient accessibility and experience while reducing healthcare costs. The investment by Cranemere brings significant financial and strategic resources to OIA, aimed at accelerating its growth trajectory. The new shareholder intends to leverage its network in the hospital sector and operational expertise to support OIA's geographic expansion, development of new partnerships, and targeted acquisitions. The company plans to continue expanding its network of imaging centers and increasing its presence among major US healthcare systems. This deal is also part of a broader trend of consolidation in the US outpatient medical imaging market, driven by the pursuit of economic efficiency and hospitals' desire to develop community-based care capabilities.

It is worth noting that the fund Icv Partners took control of Outpatient Imaging Affiliates through an LBO in 2018.

OUTPATIENT IMAGING AFFILIATES, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

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Historical Financials (EUR)

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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
03/2018ICV PARTNERSOUTPATIENT IMAGING AFFILIATESUNITED STATESHealth Providers

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

REFERENCES

Valuation range: EV 300M - 700M EUR

EBITDA range: 10M - 30M EUR

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 THE CRANEMERE GROUP 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: the cranemere group