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New Deal


Announced

Completed

GreatPoint Ventures led a $40m Series B funding round in Sirona Medical.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Software

United States

Friendly

a cloud-based radiology operating system

Completed

Minority

Acquisition

Venture Capital

Private Equity

Cross Border

Synopsis

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GreatPoint Ventures, a venture capital firm founded by entrepreneurs and company-builders, led a $40m Series B funding round in Sirona Medical, a software company founded on a deep understanding of both the practice and business of radiology, with participation from Rose Park Advisors and Avidity Partners, 8VC and Global Founders Capital. "There is a critical need for better physician workflow solutions in healthcare, particularly in radiology — the only specialty practiced entirely through software. The reality is that radiology IT is fatally fragmented today, and legacy software solutions were specifically designed and rigidly built for this fragmented and siloed status quo. After decades of battling with disjointed and cumbersome IT systems, radiologists are ready for a unified, cloud-native platform — for a simpler workflow experience that puts the physician experience first. They're ready for software that just works. With this funding, we will be able to turbocharge the adoption of our RadOS platform into radiology practices across the nation and redouble our focus on our overarching mission: amplifying the profession of radiology through software," Cameron Andrews, Sirona Medical founder and CEO.

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