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Healthcare Diagnostics AI Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Healthcare Diagnostics AI Platforms

1.1 - About Healthcare Diagnostics AI Platforms sector

Companies in the Healthcare Diagnostics AI Platforms category build native AI models and software that automate and augment medical diagnostic workflows. Their systems ingest imaging, pathology, and clinical data to flag abnormalities, prioritize cases, and generate structured findings, helping providers accelerate turnaround and improve accuracy. Strategic buyers in this category seek clinically validated, workflow-integrated solutions that lower diagnostic costs while supporting compliance and scalable deployment across health networks.

Offerings typically include radiology AI for CT, MRI, and X‑ray interpretation; digital pathology slide analysis; ECG and rhythm anomaly detection; multimodal data fusion linking labs and imaging; clinical decision support that drafts structured reports; triage and worklist prioritization integrated with PACS and EHR; privacy‑preserving edge inference; and regulatory tooling for model monitoring, audit trails, and performance calibration to maintain sensitivity and specificity in real‑world settings.

These companies serve hospitals and health systems, diagnostic laboratories, and imaging centers. Outcomes include faster case turnaround and throughput, improved sensitivity and specificity in detection, standardized reporting that supports reimbursement and quality metrics, and reduced clinician workload via automated pre‑reads and case prioritization. Buyers also gain stronger governance and deployment scalability across sites, enabling consistent performance and measurable ROI from AI‑enabled diagnostics.

2. Buyers in the Healthcare Diagnostics AI Platforms sector

2.1 Top strategic acquirers of Healthcare Diagnostics AI Platforms companies

Iterative Health Logo

Iterative Health

HQ: United States Website
  • Description: Provider of healthcare technology and services focused on gastrointestinal care and clinical research, offering AI-driven tools to improve diagnostics, optimize clinical trials, and support colorectal cancer screening and surveillance for healthcare professionals, researchers and life-sciences organizations.
  • Key Products:
  • SKOUT: Real-time AI polyp detection system that integrates into colonoscopy workflows, automatically identifies polyps during procedures to help endoscopists improve detection rates and screening quality
  • Site-serving operational model: Operational support service that partners with GI clinics, providing a proven framework and resources to expand and accelerate participation in clinical trials while allowing physicians to focus on patient care.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Healthcare Diagnostics AI Platforms sector

M&A buyer group 1: Radiology Image Analysis

21 companies View group →
Description: Companies in Healthcare Radiology Image Analysis Software build AI-driven tools that interpret medical images to assist radiologists and streamline diagnostic workflows. These vendors provide algorithms for detection, triage, segmentation, and quantification across CT, MRI, X‑ray, ultrasound, and mammography. Value centers on faster reads, improved accuracy, standardized reporting, and seamless PACS/RIS integration, enabling health systems to scale radiology services without compromising quality.
Sectra

Sectra

Website HQ: Sweden
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of enterprise medical imaging solutions and professional services, offering a unified platform and modules for radiology, cardiology, pathology, orthopaedics, ophthalmology, genomics and a robust VNA, enabling capture, storage, sharing and collaboration on medical multimedia for 2,500+ healthcare sites worldwide.
  • Key Products:
  • Enterprise Imaging Portfolio: Unified platform that captures, stores, accesses, shares and enables collaboration around all medical multimedia across the enterprise, improving patient outcomes and lowering operational costs
  • Sectra Professional Services: End-to-end technical support, system maintenance, integrations, monitoring and customer training delivered by specialized engineers to maximize system uptime and workflow efficiency
  • Sectra Monitoring Service: 24/7 remote server surveillance with automatic alert escalation, trend analysis, disk-space and backup checks, plus rapid disaster recovery to prevent interruptions in mission-critical imaging operations
  • Sectra PACS & RIS Modules: Vendor-neutral imaging modules supporting DICOM
  • HL7
  • IHE MAMMO/MAMMO TOMO, integrating with RIS
  • EMR and modalities to manage radiology and other imaging workflows with seamless system interoperability.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Healthcare Diagnostics AI Platforms sector

3.1 - Buyout funds in the Healthcare Diagnostics AI Platforms sector

Buyout Funds investing in Healthcare Diagnostics AI Platforms companies

51+ funds
Description: Buyout funds focused on Healthcare Diagnostics AI Platforms companies globally.

Francisco Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Healthcare Diagnostics AI Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Healthcare Diagnostics AI Platforms sector

Growth Equity Funds in Healthcare Diagnostics AI Platforms companies

41+ funds
Description: Growth equity funds focused on Healthcare Diagnostics AI Platforms companies globally.

Summit Partners

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Healthcare Diagnostics AI Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Healthcare Diagnostics AI Platforms companies

4.2 - Public trading comparable groups for Healthcare Diagnostics AI Platforms sector

Description: Companies in this public trading comparables group deliver diagnostic imaging devices, contrast agents, and provider-based imaging and laboratory services. Business models span capital equipment sales, consumables, and fee-for-service testing with payer reimbursement. They are comparable because revenues are driven by procedure volumes, installed base penetration, clinical accuracy, and referral networks, creating recurring utilization and consumables demand, with similar regulatory, compliance, and reimbursement dynamics across imaging and diagnostics end markets.
RadNet logo

RadNet

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of diagnostic imaging services and information technology solutions, operating a network of outpatient imaging centers offering services including MRI, CT, PET/CT, X-ray, ultrasound, and mammography to enhance patient care and medical imaging infrastructure.
  • Key Products:
  • MRI: High-resolution magnetic resonance imaging services for detailed internal body scans
  • CT: Computed tomography scans for cross-sectional imaging
  • PET/CT: Positron emission tomography combined with CT for comprehensive imaging
  • X-ray: Basic and advanced X-ray imaging services for diagnostic purposes
  • Mammography: Advanced breast imaging services including digital and 3D mammography.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Healthcare Diagnostics AI Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Healthcare Diagnostics AI Platforms sector

Who are the top strategic acquirers of Healthcare Diagnostics AI Platforms companies?

Top strategic buyers in this sector include Iterative Health, a provider of healthcare technology and services focused on gastrointestinal care and clinical research, offering ai-driven tools to improve diagnostics, optimize clinical trials, and support colorectal cancer screening and surveillance for healthcare professionals, researchers and life-sciences organizations. .

Which buyer groups are most relevant for Healthcare Diagnostics AI Platforms companies?

Relevant strategic buyer groups similar to the Healthcare Diagnostics AI Platforms sector include Radiology Image Analysis because they share similar customer segments and product capabilities.

Financial Investors in Healthcare Diagnostics AI Platforms sector

Which are the top PE firms investing in Healthcare Diagnostics AI Platforms companies?

Potential investors in the broader Healthcare Diagnostics AI Platforms space include Summit Partners and Francisco Partners.

Who are the top buyout funds acquiring Healthcare Diagnostics AI Platforms companies?

Active PE funds and buyout funds acquiring companies in the Healthcare Diagnostics AI Platforms space include Francisco Partners.

Who are the top growth equity funds investing in Healthcare Diagnostics AI Platforms companies?

Growth funds investing in the broader Healthcare Diagnostics AI Platforms sector include Summit Partners.

Valuation of Companies in Healthcare Diagnostics AI Platforms sector

Which are the key public companies that are relevant trading comps for Healthcare Diagnostics AI Platforms companies?

Key trading comparable groups include RadNet, a provider of diagnostic imaging services and information technology solutions, operating a network of outpatient imaging centers offering services including mri, ct, pet/ct, x-ray, ultrasound, and mammography to enhance patient care and medical imaging infrastructure..

Which are the key trading comparable groups for Healthcare Diagnostics AI Platforms companies?

Similar trading comparable companies include Diagnostic Imaging and Clinical Diagnostics Companies. Our platform tracks detailed trading comparable groups in the Healthcare Diagnostics AI Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Healthcare Diagnostics AI Platforms sector?

Our platform tracks M&A transactions in the Healthcare Diagnostics AI Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Healthcare Diagnostics AI Platforms?

Access recent funding rounds in the Healthcare Diagnostics AI Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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