I-MED Network Radiology
I-MED Radiology Network is Australia's largest diagnostic imaging provider, operating 215+ clinics across Australia, New Zealand, and the US, performing 7 million+ MRI, CT, X-ray, ultrasound, and PET procedures annually for patients, GPs, specialists, and hospitals under a Medicare mixed-billing and hospital outsourcing model.
- Company typePrivate
- Founded2000
- HeadquartersSydney, Australia
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What I-MED Network Radiology does
I-MED Radiology Network is Australia's largest diagnostic imaging provider, operating 215+ clinics across all states and territories plus New Zealand, and performing more than 7 million procedures annually. Its service portfolio spans MRI, CT, X-ray, ultrasound, nuclear medicine, PET, mammography, bone densitometry, image-guided biopsy, and interventional procedures, delivered through both consumer-facing clinics and outsourced contracts with leading Australian hospitals. The company also operates the I-TeleRAD teleradiology brand for remote reporting and entered the US market in 2024 via the StatRad acquisition. Underlying technology is a multi-modality imaging stack augmented by third-party clinical software: Volpara Health AI for breast density measurement, Qaelum DOSE for radiation dose monitoring across 208 CT/PET/SPECT systems, 3D breast tomosynthesis, and a Harrison.ai minority stake providing AI capable of analyzing chest X-rays and CT scans across 455 diagnoses. Patient-facing infrastructure includes an online booking platform, the My I-MED portal for image access and appointment management, and an e-referral system for practitioners.
I-MED generates revenue primarily through fee-for-service diagnostic imaging, with a mixed-billing model combining Medicare rebates (processed by clinics on patients' behalf) and provider gap fees. Pensioners and healthcare card holders are bulk-billed for most Medicare-eligible procedures, and participation in the National Lung Cancer Screening Program (effective July 2025) adds a fully government-funded screening volume. A secondary revenue stream comes from managed-service hospital outsourcing contracts for complex cardiac and diagnostic imaging. Customers are segmented across individual patients (referred by GPs and specialists), referring healthcare practitioners, and public/private hospitals. Distribution runs through owned clinics, hospital B2B contracts, the digital self-service platform, and the teleradiology channel.
Ownership transitioned from Permira (2018-2026) to Hong Kong-based conglomerate Jardine Matheson in May 2026 in a deal valued at A$3.4 billion (US$2.4 billion), approximately 11.5x forecasted adjusted EBITDA and one of the first major transactions under Jardine's new CEO Lincoln Pan. Under Permira, the network expanded roughly threefold from ~70 to 215+ clinics. Leadership includes CEO Steven Rubic, CFO Clare Battellino, Head of Sales and Marketing Luke Targett, GM Operations Bruce Potts, and Chief Medical Officer Dr Ronald Shnier.
I-MED Network Radiology firmographics
Firmographics- Name
- I-MED Network Radiology
- Legal name
- I-MED Radiology Network
- Website
- https://i-med.com.au
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- I-MED Radiology Network is Australia's largest diagnostic imaging provider, operating 215+ clinics across Australia, New Zealand, and the US, performing 7 million+ MRI, CT, X-ray, ultrasound, and PET procedures annually for patients, GPs, specialists, and hospitals under a Medicare mixed-billing and hospital outsourcing model.
- Ownership category
- akta.pro rank
I-MED Network Radiology industry classification
Industry- Product category
- Diagnostic Imaging Services
- NAICS
- Diagnostic Imaging Centers (621512), Ambulatory Health Care Services (621)
- SIC
- Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Health Services (8000)
- akta.pro primary industry
- Radiology Imaging Centers (X-ray/CT/MRI/Ultrasound) (HLAFAKAA)
- akta.pro secondary industries
- Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology) (HLAFAKAB), Nuclear Medicine & Molecular Imaging (SPECT/PET) (HLAHABAE), Women’s Imaging & Breast Health Centers (HLAFAJAJ), Image Exchange, Sharing & Patient/Provider Portals (DICOM/Web) (HLACALAI)
Keywords
Where I-MED Network Radiology is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices4 records
Markets served
I-MED Network Radiology business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Diagnostic Imaging Services: Fee-for-service medical imaging procedures where patients pay for radiology services. The company uses a mixed-billing policy combining Medicare rebates (processed by clinic on patient's behalf) plus provider gap fees. Services are provided across MRI, CT, X-ray, ultrasound, nuclear medicine, PET, mammography and interventional procedures.
- Hospital Outsourcing Contracts: I-MED serves as trusted outsourced provider to some of Australia's leading hospitals, delivering complex cardiac and diagnostic imaging services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard radiology procedures with Medicare rebate |
| Subscription | Pay-as-you-go | National Lung Cancer Screening Program (NLCSP) |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
I-MED Network Radiology product offering
Product offeringCore offering
I-MED Radiology Network operates Australia's largest diagnostic imaging network with 215+ clinics across Australia and New Zealand, providing MRI, CT, X-ray, ultrasound, nuclear medicine, PET scans, mammography, and interventional radiology procedures. Services are delivered to patients referred by GPs and specialists and through outsourced diagnostic imaging contracts with leading Australian hospitals.
Product overview
I-MED Radiology Network operates as Australia and New Zealand's largest diagnostic imaging network, offering a comprehensive range of medical imaging services across multiple modalities. The core offering is the I-MED clinic network providing MRI, CT, X-ray, ultrasound, nuclear medicine, PET scans, mammography, and interventional procedures. The network is complemented by patient-facing services including the My I-MED portal for appointment management and image access, and I-TeleRAD for teleradiology services. The organization has also integrated third-party clinical support technologies including Volpara Health's AI-based breast density measurement software and Qaelum DOSE radiation monitoring across its imaging systems.
Differentiator
Problem solved
Functional benefit
Brands
- I-TeleRAD: Teleradiology services offered by I-MED for remote radiology reporting and image analysis.
- My I-MED
Products and services
- I-MED Radiology Network Diagnostic Imaging Services Comprehensive diagnostic imaging services across multiple modalities (MRI, CT, X-ray, ultrasound, nuclear medicine, PET scans, mammography, interventional procedures) provided through a network of 215+ clinics in Australia and New Zealand to patients referred by GPs and specialists.
- Breast Tomosynthesis (3D Mammography) Advanced 3D mammography service available at select I-MED clinics that improves invasive breast cancer detection by 40% versus traditional mammography, using Volpara Health AI-based breast density measurement software to tailor examinations.
- Cardiac Imaging Services Specialized cardiac imaging services delivered by 154+ accredited cardiac imaging radiologists, serving both hospital outsourcing clients and direct patient referrals.
- National Lung Cancer Screening Program (NLCSP) Government-funded lung cancer screening service providing bulk-billed low-dose CT scans at no cost to eligible patients (aged 50-70 with 30+ pack-year smoking history) under the National Lung Cancer Screening Program effective from 1 July 2025.
- I-TeleRAD Teleradiology Services Remote radiology reporting and image interpretation service offered under the I-TeleRAD brand, enabling diagnostic image analysis to be performed remotely for hospitals and healthcare facilities.
- Hospital Outsourcing Services Outsourced radiology services delivered to leading Australian hospitals, including complex cardiac imaging and diagnostic procedures, serving public and private hospitals requiring supplementary radiology capacity and sub-specialist expertise.
Companies that use I-MED Network Radiology
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
I-MED Network Radiology technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature7 records
I-MED Network Radiology partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Harrison.aicoreI-MED holds a minority stake in Australian AI firm Harrison.ai, which develops radiology AI solutions including software capable of analyzing chest X-rays and CT scans across 455 diagnoses. Harrison.ai's technology is used by 3,400 clinicians across 1,000+ hospitals in more than 40 countries, providing I-MED with access to AI-powered diagnostic capabilities.
- Jones RadiologyminorRadiologists bought back control of Jones Radiology by acquiring the 49% stake previously held by I-Med Radiology Network. Jones Radiology had been part of I-Med for over 25 years before the buyback.
- Radiology PartnersminorRadiology Partners, America's largest radiology group, reportedly explored a bid to acquire I-MED from Permira, demonstrating market interest in I-MED's assets, though no transaction occurred.
- StatRadcoreI-MED expanded into the US market through the 2024 acquisition of StatRad, a US-based radiology company. This represents I-MED's strategic entry into the American diagnostic imaging market.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
I-MED Network Radiology competitors and assessment
Company assessmentBroad incumbents
- Radiology Partners: America's largest radiology group with a similar hospital-outsourcing and multi-site imaging model. Comparable in scale, multi-modality offering, and PE-backed growth playbook; explored acquiring I-MED from Permira in 2025, demonstrating direct strategic comparability.
- Sonic Healthcare: ASX-listed diagnostics powerhouse providing pathology and radiology across Australia and globally. Overlaps with I-MED in Australian diagnostic imaging and shares a multi-modality, hospital-referral-driven business model.
- Envision Healthcare: Large US physician and radiology services group. Broader healthcare services incumbent with overlapping radiology outsourcing but a much wider portfolio than I-MED's imaging-only focus.
Direct peers
- Integral Diagnostics: ASX-listed radiology operator across Australia and New Zealand. Most direct geographic and operating-model peer to I-MED's ANZ clinic network, competing in many of the same metropolitan and regional markets.
- Qscan Group: Private Australian radiology provider with a clinic network across multiple states. Directly comparable to I-MED in service mix, sub-specialist model, and hospital outsourcing contracts.
- Healius Limited: Australian diagnostics operator (formerly Primary Health Care) running imaging and pathology assets. Directly comparable as a multi-site Australian imaging competitor with similar GP/specialist referral dynamics.
- Capitol Health Limited: Australian diagnostic imaging group operating community-based clinics. Comparable mid-scale ANZ radiology competitor with overlapping modalities and referral channels.
Others
- Volpara Health Technologies: NZ-based AI breast density software provider whose product is integrated into I-MED's mammography workflow. Adjacent technology supplier rather than direct competitor, but an important ecosystem participant for I-MED's women's imaging offering.
- Harrison.ai: Australian AI company in which I-MED holds a minority stake. Comparable as a partner/investee rather than competitor — its radiology AI capabilities are deployed across I-MED's network.
Regional players
- Akumin Inc. US-focused outpatient imaging and radiology services platform. Comparable in multi-site fixed-site imaging model but geographically distinct from I-MED's ANZ core footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
I-MED Network Radiology social profiles
Digital presenceI-MED Network Radiology financial estimates
Financial estimateRevenue estimate
Valuation estimate
I-MED Network Radiology leadership team
Management profileNumber of profiles
Profiles5 records
I-MED Network Radiology subsidiaries and ownership
Company hierarchySubsidiaries3 records
I-MED Network Radiology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
I-MED Network Radiology M&A and investment
M&A and investmentM&A3 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about I-MED Network Radiology
What does I-MED Network Radiology do?
I-MED Radiology Network operates Australia's largest diagnostic imaging network with 215+ clinics across Australia and New Zealand, providing MRI, CT, X-ray, ultrasound, nuclear medicine, PET scans, mammography, and interventional radiology procedures. Services are delivered to patients referred by GPs and specialists and through outsourced diagnostic imaging contracts with leading Australian hospitals.
Is I-MED Network Radiology a public or private company?
I-MED Network Radiology is a private company. It is classified as corporate owned and is currently operating.
When was I-MED Network Radiology founded?
I-MED Network Radiology was founded in 2000. It employs 1,001 to 5,000 people.
Where is I-MED Network Radiology based?
I-MED Network Radiology is headquartered in Sydney, Australia, in the Oceania region.
How does I-MED Network Radiology make money?
Two revenue lines are on record. Diagnostic Imaging Services are the primary driver. The others are hospital Outsourcing Contracts.
Who are I-MED Network Radiology's main competitors?
Broad incumbents on record are Radiology Partners, Sonic Healthcare and Envision Healthcare. Direct peers are Integral Diagnostics, Qscan Group, Healius Limited and Capitol Health Limited. Others are Volpara Health Technologies and Harrison.ai. Akumin Inc. is listed as a regional player.
Does I-MED Network Radiology have an API?
No public API is recorded for I-MED Network Radiology.
What industry is I-MED Network Radiology in?
I-MED Network Radiology's product category is Diagnostic Imaging Services. Its primary akta.pro industry code is HLAFAKAA, Radiology Imaging Centers (X-ray/CT/MRI/Ultrasound), with a secondary code of HLAFAKAB, Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology). Its NAICS code is 621512 and its SIC code is 8011.