SymphonyAI Group Acquires Medical Imaging Company TeraRecon

SymphonyAI Group Acquires Medical Imaging Company TeraRecon

by NeoTech Post

SymphonyAI Group, a private group of B2B AI companies, announced the acquisition of TeraRecon, a provider of AI-powered visualization solution provider for medical imaging. 

Over 900 health systems use the TeraRecon visualization solution. The TeraRecon solutions provide radiologists and other specialized physicians with the software tools they need to visualize and extract critical clinical data from medical images.

Using patented AI and platform technology, TeraRecon will continue to focus on expanding its open platform for advanced visualization and AI-driven solutions. TeraRecon will accelerate the use of AI in other clinical specialties, including neurology and oncology, in addition to its market-leading solutions in radiology, cardiology, and vascular surgery.

Cantor Fitzgerald acted as exclusive financial advisor to TeraRecon in connection with the transaction.

Dr. Romesh Wadhwani, founder and CEO of SymphonyAI Group, said, “The SymphonyAI Group mission is to use AI to transform the enterprise. We accelerate high-value AI solutions to market to meet the needs of specific vertical industry use cases. TeraRecon has demonstrated the value AI can play in the medical imaging market. We believe that TeraRecon AI technology can continue to deliver unprecedented benefits to doctors and patients and expand into new areas of the healthcare enterprise.”

Image Credit: TeraRecon