DiagnostiCare Specialist

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DiagnostiCare Specialist - overview

Location

-, VIC, Australia

Primary Industry

Healthcare

About

DiagnostiCare Specialist is a dedicated provider of diagnostic imaging services in Australia, specializing in advanced imaging technologies to ensure accurate and timely healthcare solutions for patients of all ages. DiagnostiCare offers a comprehensive suite of diagnostic imaging services, primarily located in Melbourne, Australia. The company was founded by individuals with backgrounds in medical technology and healthcare services, aiming to enhance accessibility to imaging solutions. In April 2025, Imaging Associates Group, a portfolio company of Advent Partners, acquired DiagnostiCare Specialist, further expanding its healthcare network solutions.


The firm has executed one deal as of April 8, 2025. DiagnostiCare offers a comprehensive range of diagnostic imaging services designed to meet the healthcare needs of its patients in Melbourne and beyond. The facility specializes in various imaging modalities, such as X-rays, MRIs, CT scans, ultrasounds, mammograms, and dental imaging. Each service is performed using state-of-the-art technology to ensure accuracy and patient safety, employing low-radiation techniques wherever possible.


The target clientele includes both adults and children, with a strong emphasis on pediatric radiology to address the apprehensions that young patients may experience during imaging procedures. DiagnostiCare serves individual patients, medical practitioners, and healthcare institutions across Australia, providing accessible and reliable imaging solutions tailored to a diverse population. DiagnostiCare generates revenue primarily through the provision of diagnostic imaging services, with a business model that includes bulk billing for eligible patients, enhancing accessibility to its services. Patients typically engage with the facility on a direct-to-consumer basis, seeking imaging services via appointments or walk-in options.


The pricing structure of the services varies based on the type of imaging conducted; some services may incur a 'gap fee' where a portion of the cost is covered by Medicare, while others are billed privately. The clinic facilitates transactions directly with patients or through referrals from healthcare practitioners, ensuring a streamlined experience from appointment booking to service delivery. Following its acquisition in April 2025, DiagnostiCare Specialist will focus on enhancing its medical network solutions for healthcare imaging and diagnostics centers. This strategic move aims to broaden its market reach and improve service delivery across various regions in Australia.


The recent acquisition enables the company to leverage Imaging Associates Group's resources to develop new imaging technologies and expand its service offerings. Specific plans include the potential launch of innovative imaging solutions tailored to patient needs, with an emphasis on expanding operations in under-served regions across Australia.


Current Investors

Imaging Associates Group

Primary Industry

Healthcare

Sub Industries

Hospitals, Diagnostic, Medical & Imaging Laboratories

Website

www.diagnosticare.com.au

Company Stage

Add-on

Total Amount Raised

Subscriber access only

DiagnostiCare Specialist - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedDiagnostiCare Specialist-

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