lifeIMAGE Raises $5M Strategic Investment
Summary
lifeIMAGE, a Newton, MA-based medical image exchange platform, raised a $5m strategic investment.Zaffre Investments, LLC, the investment arm of Blue Cross Blue Shield of Massachusetts (BCBSMA), made the investment, which followed a $17.5m round of financing lifeIMAGE received in May, led by Cambia Health Solutions, a family of health solutions companies and health insurance plans based in the Pacific Northwest, and supported by existing investors Cardinal Partners, Galen Partners and Long River Ventures, among others.This allows multidisciplinary care teams to access their patients’ imaging records, as well as share them with doctors and specialists outside a health system’s network.The platform is typically leveraged by clinicians in image-intensive disciplines such as orthopedics, neurology, cardiology, oncology, pulmonology, surgery, pediatrics, critical care, radiology and others.New customers include Cedars-Sinai Medical Center (Los Angeles), Baptist Health Jacksonville (FL), Children’s Hospital of Orange County, City of Hope Cancer Center (Duarte, CA), Emory Healthcare (Atlanta), Children’s Hospital of Wisconsin (Wauwatosa), North Mississippi Medical Center (Tupelo) and Valley Children’s Hospital (Madera, CA).
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