Philips acquires Baltimore-based Analytical Informatics - Technical.ly Baltimore

Business

Nov. 27, 2017 12:59 pm

Philips acquires Baltimore-based Analytical Informatics

The health IT startup spun out of the University of Maryland School of Medicine. Its technology will now be integrated with radiology offerings from a healthtech giant.

Baltimore's BioPark is part of the University System of Maryland.

(Courtesy photo)

Over the long weekend, health-focused technology giant Philips announced the acquisition of a Baltimore startup.

Analytical Informatics, which spun out of the University of Maryland School of Medicine, will be integrated with the Netherlands-based company’s offerings focusing on radiology.

The startup’s technology helps to improve workflow, and will now support Philips’ imaging systems.

“Integrating Analytical Informatics’ software tools and applications into our current offerings will enable us to accelerate the delivery of next-generation technology, software and services, to bring the power of operational intelligence and decision support to radiology,” Sham Sokka, Philips General Manager of Radiology Solutions, said in a statement.

Founded in 2011 by CEO Chris Meenan along with Mark Daly, Christopher Toland and Max Warnock, the startup set out “to do change-the-world kind of stuff” in health IT, as Meenan put it in 2012. The members of that founding team were former colleagues at the University of Maryland, and set out to create tools that improved operational efficiency. Previous work in radiology included license agreements with Johns Hopkins and the University of Utah.

Advertisement

Along the way, the Spark Baltimore–based startup received backing from TEDCO. It also established a visible presence in Baltimore’s tech community over six years. Meenan spoke at events such as a University of Maryland student startup event earlier this year, and he was among the technologists working to bring new tech to the Baltimore City Health Department as part of its TECHealth program.

-30-
VIEW COMMENTS

Advertisement

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!