Carlisle Health

What Carlisle Health does

Carlisle Health Pty Ltd is an Australian diagnostic imaging network operating over 27 radiology clinics across New South Wales and Queensland, stretching more than 1,500 kilometres from Rockhampton to Wollongong. Founded in 2018 (conceptualised 2017) and headquartered in Adelaide, the company delivers multi-modality imaging services including X-ray, ultrasound, MRI, CT, PET, nuclear medicine, interventional procedures and women's imaging, supplemented by tele-reporting for overflow and after-hours coverage. Patients access services either directly or via referral from GPs, specialists and hospital clinicians, with revenue collected through Medicare, private health insurers and patient co-payments; the company employs over 500 professionals, including 70+ radiologists operating across 10+ MRI machines and additional CT/PET/nuclear medicine assets.

The business is built around a partnership model in which vendor radiologists and their practices become equity participants in the Carlisle Health Group, blending clinical autonomy with corporate governance and QPE-provided capital. Growth has been substantially acquisitive: the network scaled from 8 to 27+ clinics within roughly one calendar year and absorbed Exact Radiology (May 2023), Specialist Imaging Group, Wide Bay Nuclear Imaging, Dr Glenn & Partners, Beachside Radiology, Clearview Medical Imaging and Bolsover Radiology, with acquired brands typically retained. A multi-year strategic collaboration with GE HealthCare standardises capital equipment, lifecycle support and long-term capital planning across the network.

Underlying technology stack is conventional enterprise imaging: GE HealthCare modalities (including the SIGNA Hero 3T MRI), a RIS/PACS backbone with real-time workflow monitoring by reporting queue coordinators, and a secure password-protected patient and referrer portal for image and report access. Beyond the registrar education program (online lectures, practical workshops, bi-annual OSCER Exam Review and an annual Carlisle Health Conference), there is no disclosed proprietary software platform; the company's differentiation rests on geographic coverage, equipment fleet standardisation, sub-specialist talent depth and the partnership equity structure rather than on software or AI.

Name

Carlisle Health

Legal name

Carlisle Health Pty Ltd

Website

https://carlislehealth.com.au

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Carlisle Health is an Australian diagnostic imaging network of 27+ clinics across NSW and Queensland, providing MRI, CT, PET, ultrasound, X-ray, nuclear medicine and interventional radiology to patients referred by GPs and specialists, backed by Quadrant Private Equity and built through radiologist partnerships and acquisitions.

Ownership category

akta.pro rank

Product category

Diagnostic Imaging Services

NAICS

Diagnostic Imaging Centers (621512), Ambulatory Health Care Services (621)

SIC

Services-Specialty Outpatient Facilities, Nec (8093), 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 Clinical Services & Therapy Centers (HLAIAGAI), Interventional Radiology & Image-Guided Therapy Systems (HLAHABAG), Women’s Imaging & Breast Health Centers (HLAFAJAJ)

Keywords

• Diagnostic imaging services
• Radiology network
• Medical imaging
• Radiology clinics
• Imaging diagnostics

Headquarters

HQ city

Adelaide

HQ country

Australia

HQ region

Oceania

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Diagnostic Imaging Services: Medical imaging services provided to patients including X-ray, MRI, CT, PET, ultrasound, and interventional procedures. Revenue generated through Medicare billing, private health insurance, and patient payments.
2. Partnership Model: Co-investment opportunities with vendor radiologists whose practices join the Carlisle Health Group, supporting sustainable growth while maintaining clinical autonomy.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Carlisle Health operates a national network of over 27 radiology clinics delivering comprehensive diagnostic imaging services across MRI, CT, PET, ultrasound, X-ray, nuclear medicine, women's imaging, and interventional/pain management procedures. Services are billed through Medicare, private health insurers, and patient payments, with reporting and tele-reporting support for referring practitioners across Australia's East Coast.

Product overview

Carlisle Health operates as a unified radiology network platform comprising over 27 clinics across Australia's East Coast (NSW and Queensland), built through acquisitions and partnerships. The network delivers comprehensive diagnostic imaging services spanning MRI, CT, PET, ultrasound, X-ray, nuclear medicine, women's imaging, and interventional procedures. Key acquired brands include Dr Glenn & Partners, Beachside Radiology, Specialist Imaging Group, Wide Bay Nuclear Imaging, and Exact Radiology. The company supports its clinical operations with GE HealthCare equipment (including 3T MRI systems), tele-reporting services for remote radiology reporting, and a Registrar Education Program. A secure patient portal enables patients and referrers to access images and reports. The network employs over 500 staff and 70 radiologists, with services ranging from routine diagnostics to sub-specialty interventional and pain management procedures.

Differentiator

Problem solved

Functional benefit

Products and services

• MRI Services
• PET/CT Services
• CT, Ultrasound and X-ray Services
• Nuclear Medicine Imaging Services
• Women's Imaging Services
• Pain Management and Interventional Services
• Tele-reporting Services
• Patient Portal (Secure Web-Based Portal)
• Registrar Education Program

Quantifiable outcome

• Growth from 8 to over 27 clinics in one calendar year
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Exact RadiologycoreStrategic or Co-development Partner · 23 May 2023Completed acquisition of Exact Radiology marking a strategic growth milestone. The deal aims to enhance imaging solutions and create new opportunities for staff and community engagement.
• GE HealthCarecoreTechnology or Integration · 1 January 2023Multi-year strategic collaboration establishing GE HealthCare as a key strategic equipment vendor across Carlisle Health's network. Through this relationship, Carlisle Health gains streamlined access to GE HealthCare's advanced diagnostic imaging portfolio including MRI, CT, PET, ultrasound, X-ray and precision imaging technologies. The agreement encompasses lifecycle support, technology standardisation, long-term capital planning alignment, and establishment of world-class centres of excellence.
• Specialist Imaging Group (SIG)coreStrategic or Co-development Partner · 1 January 2023Specialist Imaging Group joined Carlisle Health with sites at Miranda (Shire Medical Imaging), Bankstown (Bankstown and Lidcombe Medical Imaging) and Oran Park (Oran Park Radiology). This acquisition represents expansion in the Sydney region.
• Wide Bay Nuclear ImagingcoreStrategic or Co-development Partner · 1 January 2023Acquisition of Wide Bay Nuclear Imaging strengthening PET and Nuclear Medicine capabilities in Bundaberg and Hervey Bay. This acquisition expands specialist imaging services and ensures patients in the Wide Bay region have continued access to high-quality care.
• Dr Glenn & PartnerscoreStrategic or Co-development Partner · 1 January 2023Dr Glenn & Partners, part of Carlisle Health, welcomed a new GE SIGNA Hero 3T MRI to Kogarah. Strategic investment in fleet and equipment to promote quality and superior image clarity across clinics.
• Beachside RadiologycoreStrategic or Co-development Partner · 1 January 2023Beachside Radiology received a brand-new GE SIGNA Hero 3T MRI. State-of-the-art scanner delivers exceptional image quality with faster, more comfortable patient experience and advanced noise-reduction technology.
• Allier CapitalminorOthersCarlisle Health was advised by Allier Capital in the Quadrant Private Equity partnership transaction.
• Jones DayminorOthersCarlisle Health was advised by Jones Day in the Quadrant Private Equity partnership transaction.
• Piper AldermanminorOthersCarlisle Health was advised by Piper Alderman in the Quadrant Private Equity partnership transaction.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• US Radiology Specialists: US-based, PE-backed radiology network pursuing a similar roll-up strategy with advanced imaging, sub-specialty reads, and technology investment. Useful comparability analogue for the PE-backed consolidation playbook.

Broad incumbents

• Radiology Partners: Largest US radiology practice, PE-backed (Cigna/Whistler Capital) with multi-site roll-up model analogous to Carlisle's. Comparable on consolidation strategy, teleradiology, and sub-specialist radiologist model — though operating in the US payer environment.
• Sonic Healthcare: Global diagnostics heavyweight whose Australian radiology operations (including Douglas Hanly Moir) overlap with Carlisle's modality offering. Larger, more diversified, and publicly listed; competes for referrers and acquires radiology assets at scale.
• Akumin: US outpatient diagnostic imaging operator with multi-modality fixed-site centres (MRI, CT, PET, ultrasound). Comparable on modality mix and outpatient centre model, though operating under US reimbursement dynamics.
• Healius: ASX-listed healthcare operator whose Lumus Imaging arm directly competes with Carlisle's community radiology model. Larger capital base and national footprint give it scale and procurement advantages.

Direct peers

• Integral Diagnostics: ASX-listed Australian diagnostic imaging group operating community and hospital radiology clinics across multiple states. Directly comparable on multi-state radiology network structure, modality mix, and referrer-driven GTM.
• Lumus Imaging: Diagnostic imaging subsidiary of Healius (formerly Primary Health Care), operating a national network of community radiology clinics offering MRI, CT, ultrasound, X-ray, and PET. Directly comparable on multi-site model, modality breadth, and Australian geography.
• Qscan Group: Australian radiology network with multi-state coverage and a similar PE-backed growth model. Comparable in modality mix, clinic-network structure, and partnership-style approach with referring clinicians.
• Capital Radiology: Australian radiology operator running multi-modality community clinics across Victoria and other states. Comparable on clinic-network GTM, referrer relationships, and modality breadth (MRI/CT/X-ray/ultrasound).
• I-MED Radiology Network: Australia's largest private radiology network operating a similar multi-site clinic model across MRI, CT, X-ray, ultrasound, and nuclear medicine. Most directly comparable competitor given overlapping modalities, geographic coverage ambitions, and referrer-driven business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carlisle-health

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carlisle Health