Core Sound Imaging, a medical imaging platform Studycast provider, announced an $80 million growth investment from PSG. The funding will support Studycast’s plans to help accelerate its growth in core verticals, enter new clinical areas, and further enable AI usage on its platform. PSG Senior Advisor Brian Kelly joins Core Sound Imaging as Executive Chairman as part of the investment.
Medical imaging is essential to patient care and is responsible for ensuring the correct diagnosis is delivered quickly and accurately, and it needs modernization across many healthcare facilities. And the legacy process of imaging on-premises without workflow integration creates inefficiencies in patient care in human error, delayed care, and poor physician experience.
Studycast was created in partnership with physicians and technologists aiming to streamline medical imaging to allow healthcare providers to focus on patient care. And Studycast provides a single workflow to help support all steps from ordering studies to reviewing and archiving results. The cloud-based system enables healthcare providers and patients to access diagnostic-quality medical images anywhere with internet access. Today, Studycast’s core medical specialties include cardiology, vascular surgery, and OB/GYN, with modalities including ultrasound, nuclear medicine, electrocardiography, and more.
Latham & Watkins served as legal advisor to PSG. And Holland & Knight served as legal advisor and Software Equity Group (SEG) was the exclusive advisor to Core Sound Imaging.
KEY QUOTES:
“As demand for medical imaging studies continues to outpace the supply of professionals available to conduct them, we believe technology, including Studycast, is essential to close the gap and address patient needs. From our standpoint, Studycast’s proven technology can alleviate administrative burdens and promote efficiency without sacrificing clinical utility.”
- Brian Kelly
“PSG’s depth of healthcare software and AI experience and operational resources will be invaluable as we continue to strengthen our system to support healthcare providers and ultimately patients. With a shared vision, we’re eager to work closely with PSG as we build upon the features our customers know and love to expand in new clinical care areas.”
- Core Sound Imaging Co-Founders Mark Smith, CEO, and Laurie Smith, Chief Revenue Officer
“We view Studycast as a mission critical, intelligent platform in the fast-growing medical imaging space. We believe the company is competitively positioned to cement itself as the preferred medical imaging platform due to its ease of use, seamless integration with partner tools, and the breadth of its workflow. We see a strong opportunity to scale Studycast’s use of AI to help improve physician workflows and patient outcomes, and we’re eager to work closely with the team to roll this out.”
- Jimmy Guan, Principal at PSG
