Realize Inc. Announces its Acquisition by MediDEX Venture Capital (Pty) Ltd

 
CHICAGO - Sept. 27, 2018 - PRLog -- Realize Inc. founders Sea Chen, MD and Rob Russell are pleased to announce today the company's acquisition by MediDEX Venture Capital (Pty) Ltd. After the acquisition, MediDEX will become Realize's majority shareholder and Mike Simpson, CEO of IntriHEALTH (Pty) Ltd., will take over as Realize CEO. Final administrative arrangements are expected to be complete by 27 September 2018, and the operations of Realize to be transferred to MediDEX immediately thereafter.

Founded in 2016, Realize, Inc. has been providing deep learning and other AI solutions to the medical imaging industry. Dr. Sea Chen, Chief Medical Officer of Realize noted, "We have decided to accept a merger with another firm because we believe that a larger international organization will allow us to aggressively deploy our Chest XRay suite - an extremely cost effective and efficient solution that provides a more accurate diagnosis of 14 conditions leading to better treatment options, and patient outcomes."

"We've been proud to call a number of outstanding companies our partners," explains Rob Russell, Chief of Business Development of Realize "but MediDEX offers an exciting opportunity for Realize to provide AI solutions into a much needed area of operations. Radiologists, physicians, and patients alike can benefit from augmented image analysis in clinical environments where cost, risk, and access can be significant considerations."

The expanded business and technical operations of Realize Inc. will continue to serve IntriHEALTH (Pty) Ltd. With over 40 installations of diverse medical imaging solutions from women's healthcare to operational healthcare in the mining sector, IntriHEALTH® has the largest single database of clinical images in Africa with over 2 million studies and counting. The IntriHEALTH® suite provides an integrated, information-driven healthcare solution for all medical imaging clinicians, offering advanced viewing and collaboration-enabling platforms, a Vendor Neutral Archive and a world class Deconstructed Information System. The IntriHEALTH® product suite provides a complete, long-term and practical solution to clinical data management.

Realize Inc. contact information:

Rob Russell, CBDO

Rob@realize.ai

Additonal information can be found through IntriHEALTH:

Mike Simpson, Chief Executive Officer IntriHEALTH (Pty) Ltd.

Enquiries:

+27 11 568 1870

+27 11 568 1601

enquiries@intrihealth.com

www.intrihealth.com

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Tags:AI, Medical Imaging
Industry:Health
Location:Chicago - Illinois - United States
Subject:Mergers
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