Doctors meet PE at Melbourne’s Marina Radiology

Melbourne-based radiologist Joe Youssef has spent 25 years building up Marina Radiology. Now he’s ready for a big payday for himself and two associates.

Street Talk understands Youssef has called in bankers to parade Marina to private equity firms and other prospective buyers, who have been told to think of a price tag as high as $170 million. That’s based on Marina’s $5 million to $10 million EBITDA and the 17-times earnings multiple that Affinity Equity Partners paid for Healius’ Lumus Imaging in September – although recent bolt-on acquisitions in the sector have been done at a far lower multiple.