# AMICAS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amicas

- Industry: Healthcare
- Headquarters: Boston, US
- Website: www.amicas.com
- Total disclosed funding: $9M
- Latest round: Series C (Nov 20, 2001)
- Investors on record: 1

## About

AMICAS Inc. offers innovative software solutions that enhance the functionality and efficiency of medical imaging and radiology practices, ensuring that healthcare providers can deliver improved patient care and operational workflows.Founded in 1989, AMICAS Inc. is based in Boston, US, specializing in imaging management systems that address critical needs in healthcare imaging. The company was acquired by Vitalwork, Inc. in a TRADE SALE on November 24, 2003, for USD 30 mn, with a potential additional USD 25 mn upon meeting certain targets. The firm has engaged in three significant deals throughout its history. The CEO is John Ford, and co-founders include Charlie Lee and Evgeniya Chinalieva.AMICAS specializes in providing advanced software solutions primarily aimed at the healthcare sector, focusing on enhancing the efficiency and effectiveness of medical imaging and radiology practices. Their core products include comprehensive imaging management systems which streamline workflows, facilitate efficient data sharing, and improve patient care by providing healthcare professionals with quick access to imaging records. These solutions address critical use cases such as reducing operational bottlenecks and improving diagnostic accuracy, thereby enhancing overall patient outcomes. AMICAS targets a diverse client base that includes hospitals, imaging centers, and healthcare networks across various geographical markets including North America, Europe, and parts of Asia, serving healthcare providers that prioritize technological integration and operational excellence in their imaging departments.The revenue model for AMICAS is structured around software subscriptions and licensing agreements with healthcare institutions. Clients engage with the company through B2B transactions, typically entering into multi-year contracts that enable them to utilize AMICAS' imaging management solutions. Transactions may involve an initial setup fee followed by recurring subscription payments that provide access to updates, customer support, and additional services. The revenue for the most recent year, 2009, was USD 89.14 mn, with an EBITDA of USD -0.26 mn for the same year.Following the acquisition in 2003, AMICAS aims to leverage its resources to expand its product offerings and enhance its market presence. The company is working on new product developments tailored to meet evolving healthcare needs, although specific release dates are not disclosed. Future plans include entering new markets in Asia and Europe by 2025, capitalizing on the growing demand for efficient medical imaging solutions. The funds from the latest TRADE SALE will be directed towards supporting these expansion initiatives and advancing product development.

## Funding rounds

- Series C, Nov 20, 2001, $9M — Canaan Partners

## Investors

- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series C