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Nanox completes acquisition of Zebra Medical Vision

Concurrently, Nanox completed two further strategic acquisitions, securing USARAD and MDWEB.

Nanox has completed its previously announced acquisition of medical imaging analytics company Zebra Medical Vision, now operating as Nanox.AI, in an all-stock deal valued at around $110m at closing.

The transaction also includes a payment of $84m in stock that is tied to the achievement of certain performance milestones.

Concurrently, Nanox wrapped up two further acquisitions, namely teleradiology services provider USARAD and MDWEB (MDW), a decentralised marketplace connecting radiologists with imaging facilities.

These deals included a payment of $20m in stock along with up to $10m in stock and cash on the meeting of various performance milestones.

Nanox signed an agreement to acquire Zebra Medical Vision and a binding letter of intent to takeover USARAD and MDW in August.

The acquisitions will enable medical imaging technology company Nanox to support its systems with a network of radiologists who will have access to advanced artificial intelligence (AI) algorithms.

At the time of the deal announcements, Zebra Medical Vision had seven US FDA-approved and ten CE-marked AI solutions for medical imaging.

It also introduced a 3D modelling solution for x-ray images. This solution is used for pre-operative planning in orthopaedic surgery.

Nanox CEO and chairman Ran Poliakine said: “The closing of these acquisitions is another step on our path to democratising the delivery of healthcare.

“Integrating AI-powered imaging analysis and a global teleradiology solution with our groundbreaking Nanox.ARC technology takes us one step closer to creating a global, connected medical imaging solution with the potential to meaningfully expand delivery of healthcare.

“We believe the solution we are building will streamline the medical imaging continuum – from image capture, through analysis to intervention by trained radiologists – and has the power to significantly improve access, reduce costs and enhance efficiency, thereby dramatically increasing the delivery of healthcare.”

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