• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Hg Purchases Intelerad Medical Systems for Undisclosed Amount

Article

Hg tops $1 billion invested in healthcare globally with this transaction.

Healthcare technology company Hg announced a finalized agreement Thursday to acquire global medical imaging software and enterprise workflow solution provider Intelerad Medical Systems.

The details of the agreement, including the purchase price, are undisclosed. The transaction is expected to be complete by the end of the first quarter of 2020 following customary regulatory approvals.

This move marks Hg’s fifth major investment into healthcare technology, bringing its overall investment globally to more than $1 billion. The investment, the company’s first in Canada, will be made from the Hg Genesis 8 Fund. Under the terms of this agreement, Hg will acquire Canadian-based Intelerad from Novacap’s TMT IV Fund, as well as its founders, management, and employee shareholders who will all be re-investing into the business alongside Hg.

According to a press release, Intelerad plans to use this investment and expertise to bolster innovation and operational excellence in order to maximize client business and health outcomes.

“Partnering with Hg gives us access to a huge pool of knowledge in global healthcare technology and the opportunity to significantly advance the company’s strategy,” said Paul Lepage, Intelerad’s chief executive officer.

Hg partner Gero Wittemann also reiterated Intelerad’s impact on the industry.

“Intelerad has a winning platform that creates significant efficiencies for healthcare organizations, while adding true value to help radiologists and other physicians view, interpret, and share medical images,” he said. “We fully embrace Intelerad’s vision in making a sustainable difference in healthcare.”
Intelerad specializes in diagnostic viewing, reporting, and collaboration solutions for radiologists and currently serves more than 300 healthcare organizations world-wide, including radiology groups, imaging center, clinics and reading groups.

Recent Videos
Employing AI in Detecting Subdural Hematomas on Head CTs: An Interview with Jeremy Heit, MD, PhD
Pertinent Insights into the Imaging of Patients with Marfan Syndrome
What New Brain MRI Research Reveals About Cannabis Use and Working Memory Tasks
Current and Emerging Legislative Priorities for Radiology in 2025
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 2
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 2
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 1
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 1
Teleradiology and Breast Imaging: Keys to Facilitating Personalized Service, Efficiency and Equity
Current and Emerging Insights on AI in Breast Imaging: An Interview with Mark Traill, MD, Part 3
Related Content
© 2025 MJH Life Sciences

All rights reserved.