Vidi Capital

What Vidi Capital does

Vidi Capital is a French SAS (société par actions simplifiée) holding company founded in January 2022 and headquartered in Neuilly-sur-Seine, created as the capitalistic vehicle of the Vidi cooperative network of independent radiology groups (founded 2017). It acquires majority stakes in independent radiology practices through an 'adossement' (anchoring) process in which selling radiologists reinvest proceeds as shareholders, preserving physician ownership and local clinical governance. By mid-2026 the platform had consolidated seven radiology groups (IMCL41, Rad'Yon, Nora Imagerie, IM86-Pictavix, CIL11-Narboscan, IMAC) operating 40 imaging and radiotherapy centers across France, employing more than 110 radiologists and over 500 staff, with consolidated revenues exceeding €100 million in 2025.

The company's offering combines an investment/holding layer (Vidi Capital) with a national operating brand (Vidi Imagerie) and a portfolio of shared services: centralized purchasing (Centrale d'Achat), IT and cybersecurity harmonization (Vidi SI), recruitment support, and AI/teleradiology monitoring. End services delivered to patients include MRI, CT scans, conventional radiography, mammography, ultrasound, and interventional radiology, billed through the French Sécurité Sociale framework. Each adossés group retains its local brand identity alongside Vidi cobranding (e.g., 'Vidi Imagerie - IMCL41') and continues to operate semi-autonomously under physician-led governance.

Vidi Capital is 100% physician-owned with no financial investor equity participation; equity was raised from 300 radiologists in September 2022 (€45M, oversubscribed) with additional shareholder expansion to 376-382 radiologists by early 2026 as new groups joined, and a €35M capital increase authorized in 2025. Debt financing of €115M was secured from Kartesia via unitranche in January 2023, with no equity dilution or board representation. Total share capital stood at €141.3M by end-2025. The company positions itself as a 'third way' between standalone independent practice and PE-backed radiology consolidation, validated by the Conseil National de l'Ordre des Médecins for each adossement and recognized by the French Senate as a 'professional capitalism' model.

Name

Vidi Capital

Legal name

Vidi Capital

Website

https://vidi-imagerie.fr

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Vidi Capital is a French physician-owned holding company that consolidates independent radiology groups via an 'adossement' model, preserving clinical autonomy while sharing services across 40 imaging centers and 110+ radiologists.

Ownership category

akta.pro rank

Headquarters

HQ city

France

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Medical Imaging Services Revenue: Revenue generated from radiology imaging services performed by adossés groups including MRI, CT scans, radiography, mammography, and other diagnostic imaging services. Each group operates independently providing patient imaging services billed through French health insurance system.
2. Shared Services and Centralized Purchasing: Centralized purchasing power and shared services (HR, IT, legal, financial expertise) across the network of adossés groups creates operational synergies and cost efficiencies.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels5 records

Core offering

Vidi Capital is a physician-owned holding company that acquires majority stakes in independent French radiology groups through an 'adossement' process, allowing selling radiologists to reinvest as shareholders while keeping local governance and medical decisions in physician hands. It bundles the holding structure with shared services — centralized purchasing, recruitment support, IT/cybersecurity (Vidi SI), and AI/teleradiology monitoring — across the affiliated Vidi Imagerie network.

Product overview

Vidi Capital operates as a holding company providing a comprehensive platform for independent radiology group consolidation in France. The offering consists of Vidi Capital (the holding structure), Vidi Imagerie (the national group brand), and associated services including adossement support, centralized purchasing, recruitment, IT/cybersecurity (Vidi SI), and AI/teleradiology monitoring. The model enables radiologists to consolidate their practices while maintaining physician ownership and local governance autonomy.

Differentiator

Problem solved

Functional benefit

Products and services

• Adossement Services (Capital Anchoring) Capital anchoring solution allowing independent French radiology groups to consolidate under Vidi Capital while retaining local governance and physician decision-making authority, including legal, financial, and operational support through the acquisition process.
• Vidi Imagerie (National Radiology Brand) The national group brand used by affiliated radiology practices, representing the consolidated entity of radiology groups under physician ownership.
• Centrale d'Achat (Centralized Purchasing)

Quantifiable outcome

• Vidi Capital reached €100M+ revenue in 2025
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• Bird & BirdminorImplementation/ SI/ Consulting PartnerFinancing legal counsel for Vidi Capital transaction.
• Grant ThorntonminorImplementation/ SI/ Consulting PartnerFinancial due diligence advisor for Vidi Capital acquisitions.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Affidea: Pan-European imaging, diagnostics, and cancer care operator with hundreds of centers across 15 countries. Directly comparable as a PE-backed radiology consolidator operating at much larger scale than Vidi.
• Inovie: French medical biology and diagnostics consolidation platform with similar roll-up strategy applied to medical labs. Directly comparable as a French healthcare consolidation platform competing for physician partners.
• Evidia: European radiology and imaging platform backed by KKR, operating multiple imaging centers across Germany, Spain, Poland, and other European countries. Directly comparable as a multi-country radiology consolidator competing for similar acquisition targets.
• Unilabs: European diagnostics and imaging services provider operating in 15+ countries, backed by private equity. Comparable as a European diagnostics/imaging roll-up platform competing for similar independent practice acquisitions.

Others

• Doctolib: French health tech platform for appointment booking and telemedicine. Not a direct consolidator but a key ecosystem player in French healthcare, often used by affiliated radiology groups for patient scheduling.

Broad incumbents

• Synlab: European medical diagnostics services provider (medical labs and imaging) operating across multiple countries. Comparable business model of consolidating independent healthcare practices but with broader diagnostics focus.
• Cerba Healthcare: European clinical pathology and diagnostics services network with substantial private-equity backing. Comparable as a French/European healthcare services consolidation platform, though focused on lab diagnostics.
• Vivalto Santé: French private hospital and healthcare group operating across multiple specialties. Comparable as a French private healthcare consolidator, though focused on hospitals rather than imaging centers specifically.
• Radiology Partners: Largest US PE-backed radiology practice, operating as a physician-led consolidator similar in philosophy to Vidi. Comparable business model (consolidating independent radiology groups while preserving clinical autonomy) but at much larger US scale.

Regional players

• Simago: French radiology group network operating imaging centers across multiple regions. Comparable as a French radiology group affiliation model, though structured as a cooperative network rather than capital consolidation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vidi-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Vidi Capital