MedaPhor to purchase Intelligent Ultrasound

U.K. ultrasound training developer MedaPhor has disclosed its plan to acquire Intelligent Ultrasound Limited (IUL) for up to 3.6 million pounds (4.08 million euros).

IUL is a software developer of deep learning-based ultrasound image analysis. The acquisition would provide cause for MedaPhor's current ultrasound simulator business to expand to the software market.

The purchase is expected to take place on 6 October pending passing of the resolutions at the general meeting on 5 October and also the raising of 5.5 million pounds (6.23 million euros) to finance new product development plans and working capital requirements.

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