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Bayer Acquires Blackford Analysis Ltd. Bolstering The Company’S Position In Digital Medical Imaging

Jan 18, 2023•over 2 years ago

Acquiring Company

Radiology at Bayer

Acquired Company

BLACKFORD ANALYSIS Ltd

United KingdomMedical DeviceMedicalArtificial IntelligenceBiotechnologyHealth CareHealth DiagnosticsMachine LearningArtificial IntelligenceBiotechnologyHealth CareInformation Technology

Description

Bayer today announced the acquisition of the global strategic imaging AI platform and solutions provider Blackford Analysis Ltd. The acquisition is part of Bayer's strategy to drive innovation in radiology, including the development and adoption of AI within the clinical workflow, with the goal to ultimately improve patient care and advance Bayer’s position in digital medical imaging.

Company Information

Company

Radiology at Bayer

About

As a true life-science company with a heritage of over 100 years in Radiology, Bayer is committed to providing excellence, from innovative products to high-quality services to support efficient and optimized patient care. Bayer is offering a comprehensive portfolio of contrast media for computed tomography (CT), X-Ray, and magnetic resonance imaging (MRI) devices for their precise administration, informatics solutions as well as a medical imaging platform delivering access to applications, including those enabled by AI. Altogether, the Radiology products from Bayer generated €1.8bn sales in 2021. Following the company’s ambition to outperform the radiology segment’s average annual growth of 5% until 2030, Bayer is strongly committed to research and development, which includes using artificial intelligence and driving innovation in medical imaging. Each of these offerings provide effective tools to support radiologists in their mission to deliver treatment critical answers and a clear direction – from diagnosis to care.

M&A Insights

Based on deal data
Integration 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