Global information analytics company Elsevier has acquired Irish anatomical education company 3D4Medical for just under €45m.
Although the terms of the agreement have not been officially announced, 3D4Medical’s investor the Malin Corporation has issued a release indicating that its 38% stake in the company had generated net proceeds of €17m, valuing the transaction at €44.7m.
3D4Medical has created Complete Anatomy, a 3D visualisation platform for training students, educators, health professionals and patients in how to understand and interact with anatomy. Complete Anatomy has garnered 1.2 million registered users across more than 300 universities worldwide.
The programme recently won an Apple Design & Innovation Award and was selected as the ‘Best of the Year’ in 2015 and 2016 Apple’s App Stores in 2015 and 2016. It has also been a winner of the US-Ireland Research Innovation Awards and reached the top spot in the Microsoft App Stores.
3D4Medical founder John Moore said: “When we started 3D4Medical, we wanted to disrupt the way anatomy was taught and learned. Our advanced and proprietary technology and content are available on the devices used by a new generation of students. Together with Elsevier, a global leader in medical content, we look forward to this new and exciting chapter.”
Elsevier is well-known for its academic journals, with world leading brands including Netter, Gray’s Anatomy, Sobotta Atlas of Human Anatomy and McMinn & Abrahams’ Clinical Atlas of Human Anatomy, from which more than 30% of doctors learn anatomy.
Elsevier managing director of health education Jan Herzhoff said: “With 3D4Medical’s advanced technology and brilliant content, we hope to bring this 3D anatomy platform to more learners, educators and professionals. We see 3D4Medical as a perfect extension of our ClinicalKey and ClinicalKey for Students platforms. We are pleased to welcome 3D4Medical to Elsevier and look forward to serving those global audiences dedicated to advancing the understanding of anatomy.”