lifeIMAGE, a Newton, MA-based medical image exchange platform, raised a $5m strategic investment.
Zaffre Investments, LLC, the investment arm of Blue Cross Blue Shield of Massachusetts (BCBSMA), made the investment, which followed a $17.5m round of financing lifeIMAGE received in May, led by Cambia Health Solutions, a family of health solutions companies and health insurance plans based in the Pacific Northwest, and supported by existing investors Cardinal Partners, Galen Partners and Long River Ventures, among others. In conjunction with the investment, Zaffre Vice President, Steven J. Fox, will serve as board observer at lifeIMAGE.
Led by Hamid Tabatabaie, CEO and co-founder, lifeIMAGE is a medical image exchange platform that enables imaging data interoperability across healthcare networks, providers, patients and technology systems.
The platform supports large implementations at academic medical centers, pediatric facilities, certified trauma centers, oncology centers and imaging providers by combining local network image sharing with a medical-grade secure cloud. This allows multidisciplinary care teams to access their patients’ imaging records, as well as share them with doctors and specialists outside a health system’s network.
The platform is typically leveraged by clinicians in image-intensive disciplines such as orthopedics, neurology, cardiology, oncology, pulmonology, surgery, pediatrics, critical care, radiology and others.
The company’s network has been adopted by more than 120 multi-site health systems across the country. New customers include Cedars-Sinai Medical Center (Los Angeles), Baptist Health Jacksonville (FL), Children’s Hospital of Orange County, City of Hope Cancer Center (Duarte, CA), Emory Healthcare (Atlanta), Children’s Hospital of Wisconsin (Wauwatosa), North Mississippi Medical Center (Tupelo) and Valley Children’s Hospital (Madera, CA).
FinSMEs
24/09/2015