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.
Very excited to share that @Analyticalinfo has been acquired! Fortunate to work with such an amazing group of people and looking forward to the future. A very special thanks to @UMVentures, @PhilRobilotto, @jenR8media, @MDTEDCO for believing in us! https://t.co/pqe14IZIHd
— Chris Meenan (@cmeenan) November 24, 2017
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.
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.