Exo® Acquires Medo Ai To Make Medical Imaging As Easy As Snapping A Smartphone Photo
Jul 26, 2022•about 3 years ago
Acquiring Company
Exo
Acquired Company
Medo AI
Description
Exo (pronounced “echo”), a pioneering health information and medical devices company, today announced that it is acquiring Medo, a Canadian developer of artificial intelligence (AI) technology, to make ultrasound imaging faster and simpler to use. By integrating Medo’s proprietary Sweep AITM technology into its ultrasound platform, Exo will make ultrasound imaging more accessible to a wider range of caregivers.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed