BUYER POOL ANALYSIS
Selling a Imaging Center to Strategic / Industry buyers
Industry operators, larger competitors, and corporate buyers acquiring for synergies, geographic expansion, or capability fill. Typically pays a premium for clear strategic fit but discounts for integration cost and overlap.
Quick answers
- What multiple does this buyer pool pay?
- Median EV/EBITDA 5.5x across 11 disclosed deals (P25: 4.6x, P75: 9.7x). Median EV/Revenue 1x across 24 deals. Median deal value: $20.5M.
- How many disclosed transactions?
- 26 deals total (26 from 2018+), filtered to Strategic / Industry acquirers of imaging center businesses.
- Most active buyers
- RadNet, Inc. (11) · Akumin, Inc. (10) · Honolulu Imaging Center (1) · Akumin Inc. (1) · Hawaii Pacific Health Partners, Inc. (1) · MEDICA GROUP LIMITED (:MGP) (1)
Recent disclosed deals
Strategic / Industry acquisitions of imaging center businesses with named target, named acquirer, and disclosed financials.
| Year | Target | Acquirer | EV | EV/EBITDA | EV/Rev |
|---|---|---|---|---|---|
| 2026 | Gleamer | RadNet, Inc. | $269.9M | — | 9.00x |
| 2026 | Northwest Radiology Network | RadNet, Inc. | $9.0M | — | 0.50x |
| 2026 | Radiology Regional (13 LucidHealth Locations) | RadNet, Inc. | $65.0M | — | 0.70x |
| 2026 | Radiology Regional (LucidHealth) | RadNet, Inc. | $65.0M | — | 0.65x |
| 2026 | Woodburn Nuclear Medicine | RadNet, Inc. | $29.7M | 9.7x | 1.70x |
| 2024 | Antelope Valley Outpatient Imaging Center | RadNet, Inc. | $3.5M | — | 0.20x |
What this buyer pool prices for
Strategic buyers — operators in adjacent geographies, larger competitors, or corporate consolidators — price for synergies and capability fill. They tend to discount integration cost and overlap risk but pay above market when there's clear strategic fit (key customer relationship, license, geography, technician/professional team). Multiples are competitive with PE for fee-viable deals; below PE for sub-scale acquisitions.
Methodology note
Multiples shown are computed from disclosed M&A transactions in the ExitValue.ai database, filtered to imaging center businesses acquired by strategic / industry buyers. EV/EBITDA outliers outside the [0.5x, 60x] band and EV/Revenue outliers outside [0.05x, 25x] are excluded from medians. Where available, post-2018 transactions are weighted; otherwise the all-time sample is used. Deal counts shown reflect deals with disclosed financials only — total transaction count for this buyer pool is typically 2-3x larger. Full methodology
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