Medical imaging company Intelerad Medical Systems has agreed to acquire Ambra Health, a US-based developer of medical image management software, allowing medical research company Mayo Clinic to exit.
Intelerad will pay more than $250m for Ambra Health, according to Bloomberg, in a deal that values the combined entity at around $1.7bn.
Founded in 2006 as Dicom Grid, Ambra offers a cloud-based medical image platform that improves imaging and collaborative care workflows for healthcare providers, radiology practices, subspecialty practices and life sciences organisations.
The company’s platform allows radiologists to share and view images in real time without a virtual private network or CD, increasing patient engagement and optimising continuity of care and interoperability.
Following the deal, Ambra CEO Morris Panner will become president of Intelerad, reporting directly to the CEO Mike Lipps.
Ambra had raised $7.4m in 2017 according to a SEC filing, and $6m in a 2016 round led by VC firm Canaan Partners. It had previously secured $6m in a 2014 round backed by Mayo Clinic, Canaan and CHL Medical Partners.