Intelerad CEO talks company growth and future of patient care

With three acquisitions in the past six months, Intelerad Medical Systems is on a targeted growth spree that aims to marry technology with healthcare providers for the very best in patient care.

“Healthcare as we know it has forever changed, and more than ever, providers need automated solutions that allow them to focus on what they do best—providing improved patient care,” Intelerad CEO Mike Lipps, said in an interview with Medical Device + Diagnostic Industry (MD+DI) Online. “Bringing LUMEDX into the Intelerad portfolio further enables our team to provide customers with the most comprehensive enterprise imaging platform in the industry.”

LUMEDX was bought by Intelerad in mid-February. The Montreal-based company with offices in the United States and around the world acquired Digisonics, an enterprise clinical image management provider, in December and the cloud platform company Radius in August. Intelerad itself was acquired in 2020 by Hg, a specialist private equity investor.

According to Lipps, as the pandemic ushered in a new era of telemedicine, Intelerad was uniquely positioned to address the challenge with existing teleradiology solutions that enable radiologists to work from anywhere in the world and to collaborate on images with experts in other locations.

“At the end of the day, and to the extent that we can provide a singular archive for all images in a hospital, it's going to enable faster retrieval, lower costs, and ultimately better outcomes for patients,” he said.

“We see a lot of opportunity in this marketplace, and the beauty of being well funded and capitalized means that we're going to continue to look for ways to execute this strategy and to deliver the best enterprise imaging platform in the market,” Lipps told MD+DI.

To read the full article, published March 15 by MD+DI, click here.

Posted by Jana Ballinger 03/18/2021