LifeImage said today it picked up national mammography and women’s imaging medical exchange network Mammosphere for an undisclosed amount.
The acquisition will open up Mammosphere’s existing network, which allows healthcare providers and patients access to prior mammograms, to all healthcare providers currently using LifeImage’s own platform, the company said.
“The availability of prior mammograms is critical to the early and accurate diagnosis of breast cancer. By leveraging the market-leading network and technology built by LifeImage, the reach of the Mammosphere image exchange network will dramatically expand so more women and healthcare providers can benefit from breast cancer screening programs with lower absolute rates of false-positive outcomes and repeat diagnostics,” Mammosphere CEO Kathryn Peyton said in a press release.
The Newton, Mass.-based company said the Mammosphere network helps save time and repeat imaging by allowing patients, as well as providers, access to previous exams, regardless of timing or location.
LifeImage quoted a 48% reduction in mammograms read without prior comparison and a 73% reduction in patient callbacks due to false positives at a facility equipped with Mammosphere in 2015.
“LifeImage is focused on improving the quality of care experienced by patients and bringing services to the market that make a difference in people’s lives. Furthering the Mammosphere mission will help the women’s health and radiology experts within our network improve the efficiency and outcomes of mammography screening programs and improve patients’ safety and satisfaction while reducing unnecessary medical spending,” LifeImage CEO Matthew Michela said in a prepared statement.
Last September, LifeImage said it received a $5 million investment from Zaffre Investments and added 7 new providers to its list of clients. Zaffre Investments serves as the investment arm of Blue Cross Blue Shield of Massachusetts, Newton, Mass.-based LifeImage said.