Advanced Human Imaging (ASX:AHI) finalises one deal & signs another - The Market Herald

Advanced Human Imaging (AHI) has completed due diligence and entered an agreement with Triage Technologies, while also announcing another key deal. The medical imaging company came out of a voluntary suspension to announce today it's planning to acquire musculoskeletal assessment (MSK) company Physimax Technologies. The Israeli-based business has developed a video-based objective solution that tracks and improves MSK wellness and performance via footage capture using a mobile phone. AHI has signed a letter of intent ahead of the proposed acquisition, agreeing to pay US$6 million (around A$7.75 million) in consideration for Physimax as well as an additional US$2 million (about A$2.58 million) as part of an earn-in agreement. "Physimax would be a welcome addition to the AHI MultiScan platform. The Physimax team has spent seven years developing, validating and commercializing the technology and has seen broad acceptance of the application worldwide with over 250,000 scans performed to date," AHI CEO Vlado Bosanac said.