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Brainlab continues expansion with Level Ex
Posted on Monday, 29 June 2020 13:37
Brainlab has acquired US-based medical video game developer Level Ex.
The deal is in line with the buyer’s expansion strategy to drive value creation across the healthcare data economy.
Following the transaction, the target will continue to operate independently and retain its name, management team and medical and surgical gaming product lines.
Financial terms were not disclosed.
Established in 2015, Level Ex develops video games to help advance the clinical skills of physicians and surgeons.
Its titles include Cardio Ex, which provides a range of diagnosis, treatment and procedural challenges based on real cases for doctors specialising in cardiology.
The game helps physicians to evaluate and sharpen their skills, while exploring conditions, drug therapies and techniques relevant to their practices.
Level Ex’s Pulm Ex title equips doctors to deal with unforeseen and rare complications during bronchoscopies, such as the removal of foreign objects.
The target has around 150 employees and a user base comprising more than 600,000 medical professionals, including half of the medical students in the US, according to the press release.
Munich-headquartered Brainlab creates software-driven medical services that digitise, automate and optimise clinical workflows for neurosurgery, general and vascular surgery and radiotherapy and radiosurgery, among other procedures.
The company is already integrating Level Ex’s technology across its Brainlab 3D technology and the virtual sales tool used for the group’s ExacTrac X-ray patient position and monitoring system.
Brainlab serves physicians and medical professionals in over 5,500 hospitals in 16 countries worldwide.
Zephyr, the M&A database published by Bureau van Dijk, shows that there have been 2,016 deals targeting software publishers announced globally in 2020 to date.
Insight Holdings Group snapped up Cyprus-based Veeam Software Holding in the most valuable of these.
Other companies targeted in this sector during the first five months of 2020 include naviHealth, Compuware and Hangzhou Xiaomuji Software.
© Zephus Ltd