Signify Premium Insights: Zebra Acquisition Gives Nanox Chance to Earn its Stripes
Published: August 17, 2021
Last week, another chapter was written in the erratic story of upstart modality vendor Nanox. Almost a year after the Israeli start-up listed on the NASDAQ index, the firm announced that it was making two separate acquisitions. The first, acquiring compatriot medical imaging AI developer Zebra Medical Vision, in an all-stock transaction worth $100m upfront with another $100m tied to specific milestones. The modality vendor also picked up development partner radiology service provider USARAD and its related company Medical Diagnostics Web or MDW, which operates a global network of more than 300 radiologists. Total consideration for this transaction was $30m, comprised of $21m of Nanox stock and another $9m in cash.