Inphact gains $15 million investment from MDS

Inphact gains $15 million investment from MDS

MDS, a Canadian provider of laboratory and clinical services and products, has invested $15 million in Inphact, a Nashville, TN-based firm providing imaging and teleradiology services over the Internet. The investment is intended to enable MDS to provide Inphact services on an exclusive basis in Canada and to MDS joint-venture facilities in the U.S. Inphact claims to be the first application service provider in the imaging market and is offering its PACS on a subscription basis over an ASP platform. The foundation of the firm’s platform is RadWeb, which provides browser-based access to radiology images and reports and the ability to manipulate and enhance digital images. Inphact plans to develop its ASP product for other imaging modalities, starting with cardiology.