0317 GMT - Jardine Matheson's US$2.4 billion buy of I-MED Radiology Network is likely to boost the latter's growth potential, says S&P Global Ratings in a report. Jardine seems willing to spend on expansion and explore new markets, which should be beneficial for I-MED. S&P expects I-MED to realize 10%-15% annual Ebitda growth within the Hong Kong-based conglomerate's portfolio, which is in line with I-MED's 12% reported Ebitda growth for five years up to end-June last year. Growth drivers include organic growth in Australia and New Zealand's medical-imaging market and network expansion in these markets. Meanwhile, S&P expects Jardine to keep exploring potential deals, as it retains the ability to sell assets to fund acquisitions. Its Singapore-listed shares fall 4.0% to US$65.28. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 27, 2026 23:17 ET (03:17 GMT)
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