Jardine Matheson Holdings (Jardines) today announced the completion of the acquisition of I-MED Radiology Network (I-MED), a global leader in diagnostic imaging and teleradiology based in Australia.

The investment in I-MED is a significant step for Jardines as its first major investment since its transition to an investment company in 2025. It marks the beginning of building a new earnings growth pillar for Jardines and is aligned with Jardines’ strategy as an Asia Pacific-focused control owner of high-quality, scalable businesses and the 2030 objectives outlined at Jardines' Investor Day in June. As part of the transaction, Jardines will closely partner with I-MED’s management team to support the company’s continued growth and expansion. 

Lincoln Pan, CEO of Jardine Matheson, said: “Jardines is proud to announce the completion of the acquisition of I-MED and to partner with the outstanding doctors and clinicians that make I-MED the leading radiology practice in Australia. I-MED is a trusted leader in radiology, with a long history of clinical excellence and a deep network of partners in its medical communities.”

About I-MED Radiology Network

I-MED Radiology Network is the largest combined diagnostic imaging network in Australia and New Zealand, offering medical imaging and radiology services including X-ray, PET, CT, MRI, nuclear medicine, ultrasound, mammography and interventional procedures. I-MED’s vision is to be the provider of choice – delivering high-quality care, accurate answers and excellent service to patients and referrers, every time – as well as to be the most respected and trusted medical imaging specialist in the world.

Across Australia and New Zealand, I-MED operates 215 clinics and performs approximately 7 million patient procedures each year, making it one of the largest providers of medical imaging globally. More than 500 radiologists and 4,000 staff share clinical knowledge and expertise across the network, ensuring a consistently high standard of service. I-MED’s teleradiology operations support over 2 million patients annually, delivering 24/7 radiology reporting across Australia and New Zealand via I-TeleRAD.

Please refer to Jardine Matheson’s previous announcement on the acquisition of I-MED here.