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Sirona Medical Acquires Nines And Key Personnel

Feb 18, 2022•over 3 years ago

Acquiring Company

Sirona Medical, Inc.

Acquired Company

Sirona Medical, Inc.

San FranciscoSan Francisco

Description

Sirona Medical, a software company founded on a deep understanding of both the practice and business of radiology, today announced the acquisition of Nines' AI capabilities, including its clinical data pipeline, machine learning engines, AI powered radiology workflow management and analytics tools, as well as two FDA-cleared medical devices. In addition, key personnel from Nines will join Sirona Medical, including Maureen Bradford, as chief revenue officer.

Company Information

Company

Sirona Medical, Inc.

Location

703 Market St., Suite 1900

San Francisco, California, United States

About

Sirona Medical Inc. is addressing the needs of today's radiology practices with a novel cloud-native platform that unifies radiology IT applications — worklist, viewer, reporter, and AI — onto a single, streamlined Workspace. Sirona's radiology operating system (RadOS) puts radiologists in the driver's seat with novel AI-powered solutions that simplify their workflow and amplify their work product. Based in San Francisco, CA, Sirona Medical is founded on a deep understanding of both the practice and business of radiology, with the goal of enabling radiologists to work as fast as they can think. For more information, please visit www.sironamedical.com

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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