About Akumin
Akumin is a company based in Jacksonville (United States) founded in 2015 was acquired by Stonepeak in February 2024.. The company has 5,486 employees as of December 31, 2022. Akumin has completed 1 acquisition, including Alliance HealthCare Services. Akumin offers products and services including Radiology Procedures, Oncology Treatment, and Mobile Solutions. Akumin operates in a competitive market with competitors including RadNet, Memorial MRI & Diagnostic, Resiliencelab, SimonMed and Aris Radiology, among others.
- Headquarter Jacksonville, United States
- Employees 5486 as on 31 Dec, 2022
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Akumin Inc.
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Annual Revenue
$749.63 M78as on Dec 31, 2022
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Net Profit
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EBITDA
$98.21 M119as on Dec 31, 2022
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Latest Funding Round
$382 M (USD), Debt – Conventional
May 31, 2019
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Investors
Scotiabank
& 8 more
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Employee Count
5486
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Stonepeak
(Feb 09, 2024)
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Products & Services of Akumin
Akumin offers a comprehensive portfolio of products and services, including Radiology Procedures, Oncology Treatment, and Mobile Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides exams for diagnosing medical conditions using advanced technology.
Delivers radiation therapy with personalized support for patients.
Offers flexible on-the-go diagnostic and therapy options.
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Funding Insights of Akumin
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $382.0M
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First Round
First Round
(15 Aug 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Debt – Conventional - Akumin | Valuation |
investors |
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| Aug, 2018 | Amount | Debt – Conventional - Akumin | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Akumin
Akumin has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Scotiabank, National Bank of Canada and TCW. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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H.I.G. Europe is focused on building market-leading company positions.
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Founded Year | Domain | Location | |
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Private equity and credit investment services for North American middle-market companies.
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Founded Year | Domain | Location | |
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Diversified alternative assets are managed through investment strategies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Akumin
Akumin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Alliance HealthCare Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Outsourced radiology, interventional, and oncology services are provided nationally.
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1983 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Akumin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akumin Comparisons
Competitors of Akumin
Akumin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RadNet, Memorial MRI & Diagnostic, Resiliencelab, SimonMed and Aris Radiology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Radiology centers are operated as a nationwide chain.
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| domain | founded_year | HQ Location |
Radiology labs are operated as a chain for diagnostic services.
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| domain | founded_year | HQ Location |
Chain of wellness centre
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| domain | founded_year | HQ Location |
Radiology services are delivered through a network of labs.
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| domain | founded_year | HQ Location |
Radiology services are delivered through a chain of labs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akumin
Frequently Asked Questions about Akumin
When was Akumin founded?
Akumin was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Akumin located?
Akumin is headquartered in Jacksonville, United States.
Who is the current CEO of Akumin?
Riadh Zine is the current CEO of Akumin.
How many employees does Akumin have?
As of Dec 31, 2022, the latest employee count at Akumin is 5,486.
What is the annual revenue of Akumin?
Annual revenue of Akumin is $749.63M as on Dec 31, 2022.
What does Akumin do?
Akumin was founded in 2015 and is headquartered in Jacksonville, United States. Operations are focused on the healthcare sector, specifically diagnostic imaging. A network of outpatient radiology centers is maintained to deliver services such as MRI, CT scans, and mammography. These facilities serve patients across multiple locations in the country, supporting medical diagnostics and treatment planning.
Who are the top competitors of Akumin?
Akumin's top competitors include RadNet, Resiliencelab and American Health Imaging.
What products or services does Akumin offer?
Akumin offers Radiology Procedures, Oncology Treatment, and Mobile Solutions.
How many acquisitions has Akumin made?
Akumin has made 1 acquisition, including Alliance HealthCare Services.
Who are Akumin's investors?
Akumin has 9 investors. Key investors include Scotiabank, National Bank of Canada, TCW, BankUnited, and Stonepeak.
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