News | March 25, 2013

Gamma Medica’s LumaGEM Breast Imaging Business Acquired by Psilos Group

Will continue and expand molecular breast imaging operation

LumaGEM Molecular Breast Imaging Gamma Medica Inc. Psilos Group Managers

March 25, 2013 — The LumaGEM Molecular Breast Imaging (MBI) business of Gamma Medica Inc. has been acquired through a chapter 11 sale by Imaging Acquisition Inc., an entity controlled by healthcare growth equity firm Psilos Group Managers LLC. Molecular breast imaging is an adjunct technology to mammography which radiologists use to help diagnose cancerous lesions in women with dense breast tissue. Already used in 15 prestigious medical institutions and clinical practices throughout the United States, the acquisition and investment by Psilos will enable the more focused company to meet the rapidly growing demand for LumaGEM.

The company continued its operations during the reorganization period and is moving forward with its core team of industry experts, customers and strategic business relationships intact. “Psilos’ growth capital will provide us with the funding needed to expand on our commercialization strategy,” said acting Gamma Medica CEO Jim Calandra. “Our dedicated employees have been working hard through this transition period and we’re ready to move forward to spread the use of MBI.”

“We are very impressed with the progress this team has made over the past 12-18 months in expanding LumaGEM’s customer base and making key product improvements,” said David A. Eichler, managing member at Psilos. “The growing body of clinical evidence for molecular breast imaging shows this technology’s importance in overcoming the critical shortcomings of mammography and other screening modalities in detection of cancer in dense breast tissue. We are excited about the great opportunities that lie ahead.”

Psilos, which has approximately $600 million under its management, has been an investor in Gamma Medica since 2009. Eichler and Psilos Senior Managing Member Albert S. Waxman, Ph.D., will serve on the Gamma Medica board of directors.

LumaGEM is embraced by clinicians because it clearly highlights tumors, even those obscured by dense breast tissue. LumaGEM’s 91 percent sensitivity and 93 percent specificity when used in conjunction with mammography allows physicians to detect cancer earlier, especially in the approximately 40 percent of women who have dense breasts, where fibrous tissue can obscure the view of mammography

For more information: www.gammamedica 

Related Content

iCAD Appoints Stacey Stevens as President
News | Radiology Business | April 16, 2019
iCAD Inc. recently announced that Stacey Stevens has been named president. As president, Stevens will have expanded...
compressed breast during mammography.
360 Photos | 360 View Photos | April 16, 2019
A 360 view of a simulated breast compression for a...
A smart algorithm has been trained on a neural network to recognize the appearance of breast cancer in MR images

A smart algorithm has been trained on a neural network to recognize the appearance of breast cancer in MR images. The algorithm, described at the SBI/ACR Breast Imaging Symposium, used “Deep Learning,“ a form of machine learning, which is a type of artificial intelligence. Graphic courtesy of Sarah Eskreis-Winkler, M.D.

Feature | Artificial Intelligence | April 12, 2019 | By Greg Freiherr
The use of smart algorithms has the potential to make healthcare more efficient.
This image depicts ABUS images with QVCAD results

This image depicts ABUS images with QVCAD results.

Feature | Breast Imaging | April 12, 2019
Imaging Technology News spoke with Bob Foley, vice president of sales and marketing of QView Medical, Inc.,
Uterine Fibroid Embolization Safer and as Effective as Surgical Treatment
News | Interventional Radiology | April 05, 2019
Uterine fibroid embolization (UFE) effectively treats uterine fibroids with fewer post-procedure complications compared...
iCAD Highlighting ProFound AI for Tomosynthesis at 2019 SBI Annual Symposium
News | Computer-Aided Detection Software | April 04, 2019
iCAD announced it will present its latest artificial intelligence (AI) software solution for digital breast...
Ikonopedia Introduces Automated Combined Reporting Package at SBI
News | Mammography Reporting Software | April 04, 2019
Ikonopedia will introduce its new Automated Combined Reporting package at the 2019 Society of Breast Imaging/American...
Konica Minolta Highlights New Exa Mammo Features at SBI/ACR Breast Imaging Symposium
News | Breast Imaging | April 03, 2019
Konica Minolta Healthcare Americas Inc. will highlight new features of Exa Mammo, a picture archiving and communication...