Investor and Finance Professional briefs

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Precision Image Analysis (“Remote, Cloud-Based Services for Healthcare”) provides a proprietary, advanced, cloud-based technical-analysis platform for MRI and CT images. Physicians, as users, save valuable time in conducting technical image interpretations. Hospitals and radiology clinics benefit from reduced capital expenditures through outsourced services for high quality imaging analysis. Primary customers are healthcare providers such as IDNs, university-based and regional hospitals, imaging centers and private practice doctors. Secondary purchasers are organizations that need imaging for clinical trials and university researchers seeking customized analyses. In 2017, in the U.S., there were 2.2 million MR and CT scans completed where about 20% required post-processing. In this market, at an average cost of $100/case, the company estimates generating annual service revenues of $35+ million within four years. Management team strengths include extensive experience in clinical and commercial executive management, expertise in diagnostic imaging and radiology, and connections worldwide with healthcare executives. Support team strengths include extensive experience in cardiovascular healthcare management (Cleveland Clinic), and radiology marketing and sales. Now with a four-person national sales team, the company has established a partnership with Siemens Healthineers, and will have access to Siemen’s customers and enjoy co-selling opportunities. Sales revenue is expected to grow to $35-$40 million within five years, creating an attractive acquisition opportunity or exit to a private equity firm.