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Jardine Matheson Acquires Australian Diagnostic Imaging Company I-Med Radiology for AU$3.4 Billion

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Jardine Matheson (SGX:J36) agreed to fully acquire Australia-based I-Med Radiology Network from funds advised by Permira for AU$3.4 billion, according to a Monday filing with the Singapore Exchange.

The acquisition includes I-Med's minority stake in Harrison.ai, which develops AI radiology products.

I-Med operates 215 diagnostic imaging clinics across Australia and New Zealand and performs over 7 million procedures annually.

The investment is part of the company's strategy to focus on high-quality businesses across the Asia-Pacific region, Jardine Matheson said.

Shares of the Singapore-listed conglomerate rose nearly 2% in recent trade.

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