Medis Medical Imaging Systems, a portfolio company of Van Herk Ventures, has acquired Advanced Medical Imaging Development, a leading Italian niche player in the cardiac imaging market, ensuring a new phase of expansion.
Sulmona (AQ), 5th May 2020 – Prof. Dr. Giovanni Tonti, Prof. Dr. Eng. Gianni Pedrizzetti and Mr. Emidio Marchese ("Quotaholders"), quotaholders of Advanced Medical Imaging Development S.r.l. ("AMID"), a leading MedTech company engaged in the analysis and accurate quantification of cardiac and cardiovascular imaging, signed an agreement for the sale of 100% of the corporate capital to Medis Medical Imaging Systems B.V. ("Medis"), a portfolio company of Van Herk Ventures, the investment arm of the reputable Dutch long-term investor Mr. Van Herk, which invests in the life sciences sector through direct investments in private and listed companies and in venture capital funds.
AMID, founded in 2000 by a team of interdisciplinary scientists boasting several hundred peer-reviewed studies, is a leading Italian MedTech company engaged in the analysis and accurate quantification of cardiac and cardiovascular imaging via proprietary state-of-the-art software. AMID’s solutions are critical to the diagnosis and treatment of cardiovascular diseases, the #1 cause of mortality in the developed world. AMID offers multi-modal and multi-purpose tracking solutions, optimized for different imaging modalities (Echography, Magnetic Resonance and Computed Tomography), with cardiology and muscle-skeletal applications that work on images produced by medical imaging devices from most manufacturers and are integrated in world leaders’ equipment.
Medis, founded in 1989 after it spun off from Leiden University Medical Center (Netherlands), is a leading medical technology company with focus on the development, validation, worldwide commercialization and support of multi-vendor analytical software solutions in the cardiovascular domain, covering X-ray, IVUS, OCT, MRI as well as MSCT applications. It has a global reach with a subsidiary in the USA and branch offices in Japan and the UK. Since May, 2018 it has been a portfolio company of Van Herk Ventures, which took an equity stake to support the growth in the field of cardiovascular imaging software.
After ca. 20 years of activity, the Quotaholders have completed a succession path through this transaction, ensuring a new expansion phase of AMID, by joining forces with an important Dutch player which will provide its own skills, resources and commercial network. In addition, the Quotaholders will have a key role in the transition phase to guarantee an effective and smooth handover.
Prof. Dr. Giovanni Tonti and Prof. Dr. Eng. Gianni Pedrizzetti, founding partners of AMID, commented on the transaction: “We are happy to have identified in Medis the ideal partner, thanks to its technical skills and commercial network, which can support the future growth of AMID and in the best service for our customers. We are thrilled to start a new expansion phase after 20 years of work in this field focusing on top-notch R&D. Together with the team of Medis we will jointly create a wonderful new future and amaze the world with our innovations. In the next few years, all the three founders of AMID will continue to be personally involved taking care of the technical aspects”.
The Quotaholders were supported by BF & Company, with a team made up of Alessandro Bartolini, Alessandro Zanatta, Lisa Martini and Augusto Amatori, as exclusive financial advisor, in the management of the disposal process, valuation and negotiation matters and coordination of the due diligence process.
DWF (Italy), with a team made up of Michele Cicchetti, Guglielmo Fabbricatore, Marco Annoni, Artemis Tiamkaris, Francesco Provenzano and Alberto Sieli, acted as legal advisor, providing assistance for contractual matters.
Studio Leombruni e Associati, represented by Barbara Antonucci, acted as tax and accounting consultant.
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Advanced Medical Imaging Development S.r.l.
AMID, founded in 2000 and based in Sulmona (AQ), Italy, is a leading MedTech company engaged in the analysis and accurate quantification of cardiac and cardiovascular imaging via proprietary state-of-the-art software. It offers multi-modal and multi-purpose tracking solutions, optimized for different imaging modalities (Echo, MRI, CT), which are integrated in equipment produced by world leaders manufacturers in medical imaging. Its solutions are at once state-of-the-art and time tested, having appeared in several hundred peer-reviewed studies and in some cases having become industry standards.
CEO / Founder
Chief Medical Officer
Other work experiences
Cofounder and CEO of AMID S.r.l. (Advanced Medical Imaging Developement) http://www.e-amid.com/
Cofounder and CEO of LifeString S.r.l. (a company involved in cloud storage and remote processing of medical data)
Affiliations
SIEC (Italian Society of Echocardiography) as member of the Health Technology Assessment Committee
ANMCO (Italian Association of Hospital Cardiologists) from 2011 up today co-chairman of the e-Health committee
Publications
More than 30 scientific paper in leading peer reviewed journals in the cardiology and biomedical engineering field
Co-founder
Chief Scientific Officer
2006-present: Full Professor of Bioengineering (Professore Ordinario) University of Trieste, Trieste, Italy.
Education
1994 PhD in Hydrodynamics, University of Padova, Italy
1987 Laurea (Master) in Civil Engineering, University of Firenze, Italy
Other Academic Appointments
2012 – 2013 Senior Research Associate, Mount Sinai School of Medicine, NY.
1998 – 2006 Associate Professor, School of Engineering, University of Trieste, Italy.
1998 Senior Research Associate, University of Cambridge, UK.
1992 – 1998 Permanent Research position, University of Firenze, Italy.
1994 Post-Doc, ETSIA, Universidad Politecnica de Madrid, Spain.
1992 Post-Doc, INLS, University of California San Diego, CA.
Reviewer: Assistant EU Commission (FP7-HEALTH). International grants agencies and major journals. Chairman and invited speaker in initiatives and conferences in fluid mechanics or cardiovascular sciences.
Consulting Activities
2006 – present TomTec GmbH, Munich, Germany.
2004 – present Siemens Medical Solutions, Ultrasound, Mountain View, CA.
2001 – present Esaote Spa, Firenze and Genova, Italy.
Recent Grant support
2014 - 2017 Italian Minister of Education and Research (PRIN).
2010 - 2012 America Heart Association, USA (co-PI).
2009 - 2014 EU 7th Framework collaborative project. Grant no. 223615, FP7 – HEALTH – 2007-B. (Industrial Partner Advisor; Coordinated by Katholieke Universiteit Leuven, Belgium).
Co-founder
Chief Technical Officer and developer
Assignments
Since 2000, Chief Technical Officer and developer for AMID (Advanced Medfical Imaging Developments S. R. L., Sulmona, Italy).
Seventeen years as developer and systems responsible in the Italian public health sector.
Five years as IT teacher in a public technical high school.
Competences
Advanced Programming Skills
− MC high level and low level languages (commodore/sinclair MC above all)
− Assembler MOS-6502/6510,Intel 8086, motorola 68000 - direct cpu programming.
− MS macro assembler
− MS QBasic
− Borland Turbo Pascal
− Operating systems knowledge: SCO Unix/xenix, IBM Aix, Novell Netware, MS-DOS, Windows.
− Ansi C language (the main progr. language for several years, DOS/windows/Unix apps)
− Zortech/Borland/MS C++ language including STL (the main progr. language until now)
− Low&High levels Database handling and programming.
− Low level (with C/Assembler progr.) data recovery from corrupted storage devices.
− Proprietary format structured data files for original apps., including hypertext (just before the web era).
− direct hardware programming/handling and serial communications for radio broadcasting and commercial shops.
− Low level (proprietary formats) Databases programming for researchers
− Indexing/searching methods (original development)
− statistics packages for clinical researchers
− network distributed apps for clinical purpose
− Dicom encoding/decoding programming (original development)
− 2D/3D graphical programming - OpenGL programming (original developments)
− Matrix handling/calculation and matrix mathematical functions programming (original development)
Other IT Advanced Skills
− DICOM standard for readining/writing medical imaging
o Echography (2D, 3D, Doppler)
o Magnetic Resonance
o Computer Aided Tomography
− Medical Imaging Processing Solutions.
− MatLab, The Matworks MA
− MS Office suite.
Regulatory Tools Expertize:
− RedMine tool for issue management and bug tracking
− Jira bug tracking system
− Tortoise SVN
Languages
− Italian, mother language
− English, read/write excellent, oral sufficient.
