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Australia

 

TPG to buy teleradiology group Everlight Radiology?

US private equity firm TPG is rumoured to be the frontrunner in the sale process of multinational Australian teleradiology group Everlight Radiology. The acquisition, if it goes ahead, could reportedly value the group at over A$1 billion (~$0.7 billion USD), representing an EBITDA multiple of over 14x.

Bupa acquires Australia’s Partnered Health Group

British multinational health insurer Bupa is acquiring Australian integrated healthcare provider Partnered Health Group from private equity firm Quadrant Private Equity. Bupa’s acquisition of Partnered Health reflects a broader shift among health insurers towards vertical integration, as payors look to move beyond the traditional model of reimbursing medical costs and take a more active role in delivering care. 

Permira exits Australian radiology network I-MED

London-based private equity firm Permira has agreed to sell I-MED Radiology Network, Australia’s largest diagnostic imaging provider, to Jardine Matheson, a London-and-Singapore-listed conglomerate, for A$3.4 billion (~US$2.4 billion). The transaction also includes Permira’s stake in Harrison.ai, a medical imaging AI company.

Australian competition regulator is reviewing GE Healthcare’s Intelerad acquisition

The Australian Competition and Consumer Commission (ACCC) is reviewing the acquisition of medical imaging software company Intelerad by US medtech firm GE Healthcare.  The acquisition of Intelerad by GE from London-based private equity firm Hg Capital was announced in November 2025 in a deal worth $2.3 billion (~€1.97 billion). Hg is completely exiting its majority […]

AI scribe company Heidi enters SE Asia

Australia-based healthcare AI scribe provider Heidi has opened a new regional headquarters in Singapore, marking its entry into the Southeast Asian market. The move follows a $65 million USD Series B funding round led by Point72 Private Investments, a US-based hedge fund.

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