On the 4th March 2020, TeraRecon announced it had signed an agreement to be acquired by the SymphonyAI Group. Here are the facts of the deal, followed by our take on the potential impact on the medical imaging market: - The terms of the deal were not disclosed and TeraRecon will continue to operate business as usual. However, it will benefit from greater financial backing and the synergistic technologies from other companies in the Group’s portfolio. - TeraRecon is an Advanced
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Hg Takes Majority Holding in Intelerad: 3 Major Implications to Know
- On 23rd Jan 2020, Hg Capital announced it had agreed to acquire a majority stake in imaging IT software vendor Intelerad Medical Systems from previous majority stake owners Novacap. - The founders, management and employee shareholders at Intelerad will be reinvested, with Novacap remaining as a minority shareholder. - The company has undergone significant growth in the last four years, announcing a USD75m R&D program in 2019 and acquiring imaging IT workflow specialist Clario Medical
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Research: October Health IT M&A Activity, Public Company Performance
- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019 During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma. The
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Analysis: Why EMRs Will Not Replace Enterprise Imaging IT
The growing influence and uptake of electronic medical records (EMRs) in healthcare have driven debate over the future role of specialist clinical and diagnostics software. With interoperability in the health sector still a major challenge, many health providers are looking to simplify their IT systems, consolidating to fewer software platforms and few vendor partners. With recent extensive and long-term investment in EMR systems, some healthcare providers considering the EMR as a potential
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ECG Management Consultants Joins Siemens Healthineers As Stand-Alone Unit
- ECG Management Consultants joins Siemens Healthineers and will operate as a stand-alone unit as part of the global Enterprise Services business of Siemens Healthineers. - ECG, as a separate consulting business, will continue to focus on strategic, financial, operational, and information technology services and operate independently of the medical technology business of Siemens Healthineers. - As part of the agreement, Siemens Healthineers will acquire a majority stake in ECG
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Siemens Healthineers, UM System, MU Health Care Forms $133M Alliance for Precision Health
University Hospital with the Staff for Life Helicopter at dusk.[/caption]Siemens Healthineers and the University of Missouri System (UM System), including all four universities, and University of Missouri Health Care (MU Health Care), has established the Alliance for Precision Health that will leverage their joint expertise to transform healthcare delivery, promote education in the fields of technology and engineering, and develop groundbreaking research initiatives.As part of the alliance,
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MUSC and Siemens Healthineers Form Strategic Value-based Care Partnership
The Medical University of South Carolina (MUSC) and Siemens Healthineers have formed a first-of-its-kind strategic partnership to advance the quality of care in South Carolina. The value-based care partnership will capitalize on the coupling of MUSC’s clinical care, research and education expertise with Siemens Healthineers’ engineering innovations and workflow-improvement capabilities.The partnership with a focus on driving performance excellence at MUSC and generating significant clinical and
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Siemens Healthineers Acquires Medicalis to Expands Its Population Health Portfolio
Siemens Healthineers, today announced the acquisition of Medicalis Corporation, a provider of Clinical Decision Support (CDS) Solutions at the point of order entry, Imaging Workflow (IW) management, and Referral Management (RM). Financial terms of the transaction are not disclosed.For Siemens Healthineers—the separately managed healthcare business of Siemens AG— the acquisition will expand its Population Health Management (PHM) portfolio to enable healthcare providers to effectively bridge
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Siemens Healthineers Launches Global Digital Ecosystem for Healthcare Providers
Today at HIMSS17, Siemens Healthineers has announced the launch of a global digital platform for healthcare providers as well as for providers of solutions and services. The aim of the platform is to foster the growth of a digital ecosystem linking healthcare providers and solution providers with one another as well as bringing together their data, applications and services.Digitalization in healthcare is expected to drive the much-needed change towards widespread value-based care and
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