Elsevier Acquires 3D4Medical for ~$50M

Shots:

• Elsevier acquired 3D4Medical for approximately $50M under which life science group Malin received $18.71M for its 38% shares in 3D4Medical, which it acquired in 2015
• The focus of the acquisition is to accelerate Elsevier’s medical education offering with the addition of 3D4Medical’s anatomy platform, providing offerings to learners, educators and professionals
• 3D4Medical develops Healthcare apps, achieved ~25M downloads across its product suites and has been ranked as the leading medical app on Apple, Microsoft and Google’s app store across 160 countries

Source 1, Source 2 to­ read full press release/ article | Ref: PRNewswire, Irish Times | Image: AMSA International