{"id":14928,"date":"2022-08-16T18:14:00","date_gmt":"2022-08-16T18:14:00","guid":{"rendered":"https:\/\/www.intelerad.com\/en\/?post_type=press-release&p=14928"},"modified":"2026-02-17T18:06:52","modified_gmt":"2026-02-17T18:06:52","slug":"intelerad-acquires-penrad-technologies-inc","status":"publish","type":"press-release","link":"https:\/\/www.intelerad.com\/en\/press-releases\/intelerad-acquires-penrad-technologies-inc\/","title":{"rendered":"Intelerad Acquires PenRad Technologies, Inc., Expanding Breast Imaging and Lung Screening Capabilities"},"content":{"rendered":"\t\t
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RALEIGH, NC and MONTREAL, CANADA, August 16, 2022<\/b> \u2013<\/b> Intelerad Medical Systems\u2122<\/a>, a leading global provider of enterprise medical imaging solutions, today announced its acquisition of PenRad Technologies, Inc.<\/a> (PenRad), a software provider for enhancing productivity for breast imaging and lung screening. The acquisition will expand Intelerad\u2019s product offerings for mammography and lung analytics, optimizing workflows for radiologists and boosting health outcomes for patients.\u00a0<\/p>\n

Founded in 1995, PenRad\u2019s three core product offerings \u2013 PenRad<\/a> for breast imaging, PenLung<\/a> for lung cancer screening software<\/a>, and PenTrac<\/a> for patient tracking and reporting \u2013 have a proven track record of eliminating overhead costs, decreasing liability exposure and increasing patient satisfaction for innovative enterprise systems and diagnostic imaging centers and facilities. With the company\u2019s next-generation technology and dedicated client support, PenRad is leading the way in automated diagnostic radiology.\u00a0<\/p>\n

\u201cCancer affects all of us, whether you\u2019ve personally been diagnosed or have witnessed a family member, friend or loved one suffer from the disease. PenRad was founded to help drive actionable change for not only my own family\u2019s breast cancer, but for millions of other individuals,\u201d said Greg Gustafson, Founder and President of PenRad. \u201cAs our company heads into this next chapter, I\u2019m excited to partner with Intelerad to further grow, scale, and impact patient lives and the healthcare industry at large.\u201d<\/p>\n

Notably, the mammography market is expected to increase by more than 20%<\/a> in the next several years, while the lung cancer diagnostics market is expected to reach $3.4 billion<\/a> by 2026. PenRad is at the front lines of care as demand surges.\u00a0<\/p>\n

Cancer screenings, and most notably, mammograms, drastically decreased during the COVID-19 pandemic<\/a> as many healthcare facilities were temporarily closed and others faced severe staffing shortages. As the demand for scans continues to rise to pre-pandemic levels, innovative tools and technologies are critical to ensuring providers can meet the influx of patients, and that such screenings and scans are readily available to further improve overall health outcomes.\u00a0<\/p>\n

\u201cThe acquisition of PenRad is an exciting milestone for Intelerad. Our global team of dreamers and doers are committed to improving healthcare through innovative technology, which means delivering the best-in-class systems our industry needs to improve the overall health of all populations,\u201d said Mike Lipps, CEO, Intelerad<\/a>. \u201cLung and breast cancer impact millions of individuals, and screenings play a major role in saving lives. By integrating PenRad\u2019s core solutions into our company, we can ensure all patients have access to the scans they need to decrease health risks, while at the same time offering healthcare systems greater productivity.\u201d\u00a0<\/p>\n

This acquisition follows Intelerad\u2019s recent investment by TA Associates. As global demand for scalable imaging and workflow solutions continues to increase, Intelerad will continue to fulfill its mission of providing clients with one of the most scalable imaging platforms in the world, enabling them to drive clinical efficiency and focus on providing enhanced patient care.<\/p>\n

For more information on the company and its solutions, including the Enterprise Imaging and Informatics Suite, visit intelerad.com<\/a> or follow the company on its LinkedIn and Twitter social channels at @Intelerad.\u00a0<\/p>\n

About PenRad<\/b><\/p>\n

PenRad, a software provider for enhancing productivity for: breast imaging \u2013 PenRad, LDCT lung screening \u2013 PenLung, general radiology \u2013 PenAlert, genetic analysis \u2013 PenGen. PenRad invests in diagnostic technology, techniques and analysis in the healthcare community. PenRad provides software, and leadership towards standardization. These include HL7 workgroups, Clinical Interoperability Modeling Initiative (CIMI), and the Cancer-Interoperability project supported by the ONC, FDA, CDC, NCI, NIH and RSNA.<\/p>\n

About Intelerad<\/b><\/p>\n

Intelerad is one of the leading providers of medical imaging software and services for the healthcare industry. Headquartered in Raleigh, NC and Montreal, Intelerad has over 850 employees located in offices across six countries. Nearly 2,000 healthcare organizations around the world rely on Intelerad products to manage patient data, helping them reduce time and workload while improving patient outcomes. Intelerad\u2019s award-winning enterprise imaging solutions have been recognized globally by KLAS, with Intelerad\u2019s Ambra Health ranked #1 for Image Exchange in the 2022 Best in KLAS: Software and Professional Services report. To learn more, visit intelerad.com<\/a>.\u00a0<\/p>\n

MEDIA CONTACT:\u00a0<\/b><\/p>\n

Cortney Williams<\/p>\n

ARPR on behalf of Intelerad<\/p>\n

855-300-8209<\/p>\n

cortney@arpr.com<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The new deal will secure expanded access to essential solutions that will help ensure radiologists, technologists and other healthcare professionals can drive greater productivity and meet higher oncology screening demand, while improving patient care.<\/p>\n","protected":false},"featured_media":1604,"template":"","class_list":["post-14928","press-release","type-press-release","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nIntelerad Acquires PenRad Technologies, Inc., Expanding Breast Imaging and Lung Screening Capabilities - Intelerad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.intelerad.com\/en\/press-releases\/intelerad-acquires-penrad-technologies-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intelerad Acquires PenRad Technologies, Inc., Expanding Breast Imaging and Lung Screening Capabilities\" \/>\n<meta property=\"og:description\" content=\"The new deal will secure expanded access to essential solutions that will help ensure radiologists, technologists and other healthcare professionals can drive greater productivity and meet higher oncology screening demand, while improving patient care.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.intelerad.com\/en\/press-releases\/intelerad-acquires-penrad-technologies-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Intelerad\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T18:06:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.intelerad.com\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/header_press-release.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.intelerad.com\/en\/press-releases\/intelerad-acquires-penrad-technologies-inc\/\",\"url\":\"https:\/\/www.intelerad.com\/en\/press-releases\/intelerad-acquires-penrad-technologies-inc\/\",\"name\":\"Intelerad Acquires PenRad Technologies, Inc., Expanding Breast Imaging and Lung Screening Capabilities - 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