Daily Management Review

Bayer to buy UK artificial intelligence company


Blackford Analysis Ltd., a British company that uses medical imagery to aid in disease diagnosis, has agreed to be acquired by Bayer. Bayer hopes to grow its radiology business by doing this.

Ted McGrath
Ted McGrath
The agreement, according to Bayer, is a part of a plan to increase the digital analysis of medical pictures produced with Bayer contrast agents on CT scanners, X-ray machines, and MRI scanners.

The company declined to comment on the deal's financial details.

With its contrast chemicals, injectable devices, and software, Bayer's radiology division generated sales of €1.8 billion in 2021, while the company's overall revenue reached €44 billion.

Sales in the radiology sector increased by 7% in the third quarter of last year as a result of rising demand for scans for malignancy and cardiovascular diagnoses.

source: reuters.com