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Medis and MeVis Announce Strategic Alliance

Medis medical imaging systems and MeVis Medical Solutions AG [ISIN: DE000A0LBFE4], a leading medical imaging software company with focus on dedicated, disease-oriented clinical applications, today announced a strategic alliance, which may lead up to a potential take-over of Medis by the MeVis Group. As a first step, MeVis has now acquired a minority stake in Medis. Terms of the transaction were not disclosed.

With its renowned products and expertise in the analysis of cardiovascular images, Medis will be a strategic addition for MeVis, expanding MeVis’ portfolio of software products for the early detection, diagnosis and intervention in the areas of cancer and lung diseases as well as neurological conditions.

For Medis, the MeVis Group’s successful multi-modality technology platform and its similar background in research approach (MeVis has a research relationship with the Fraunhofer Institute for Medical Image Computing MEVIS in Bremen, Germany) make MeVis the ideal partner for a strategic alliance.

The combined research experience in cardiology and radiology, and the utilization of MeVis’ technology platform MeVisAP™ and its rapid prototyping platform MeVisLAB™ will ensure the rapid development of software products in the future, providing customers with the latest in both current and new software products.

“The epidemiological impact of cardiovascular disease on the global population makes the Medis products, know-how, and distribution channels a strategically significant addition to our portfolio,” states Dr. Carl J.G. Evertsz, Chairman and CEO of MeVis Medical Solutions AG. “We are delighted about this strategic alliance, in which we will collaborate with the Medis team to develop and market new products for the multi-modality diagnosis of cardiovascular disease, and cardiovascular interventions.”

“Our strategic partnership with MeVis means an incredibly valuable joining of forces in research, development and sales. Our customers will be able to benefit from the synergy that this partnership with the MeVis Group brings, while continuing to profit from working with familiar, high-quality products in cardiovascular quantification software”, says Prof. Dr. Hans Reiber, co-founder and proprietor of Medis.