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Radiology AI vendor Lunit completes acquisition of rival Volpara for $193M
Radiology Business May 28, 2024
South Korean radiology artificial intelligence vendor Lunit recently completed its acquisition of rival company Volpara Health Technologies for $193 million, the two said May 22.
Lunit first announced the deal in December and was able to complete the entire transaction in less than eight months. Based in Seoul, Lunit called the acquisition a “significant milestone” in its “mission to conquer cancer through AI.”
“By combining our strengths, we are creating a formidable alliance in the industry, particularly in the U.S. market,” Lunit CEO Brandon Suh said in an announcement. “This merger enables us to develop and deliver innovative, life-saving solutions that meet critical needs in cancer diagnostics.”
Based in Wellington, New Zealand, Volpara offers software for the early detection of...
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