Jardine Matheson's I-MED Acquisition Could Boost Target's Growth -- Market Talk

Dow Jones05-28

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment