AccelPath is a provider of digital telepathology services, while DigiPath is Spring, Texas-based provider of digital telepathology and laboratory development and management services.
DigiPath currently services six pathology laboratories covering eight customers in Houston. Rishi Reddy, founder and CEO of DigiPath will join the AccelPath medical advisory board and help to integrate the DigiPath business into AccelPath. Mr. Reddy will also lead AccelPath's global expansion and developing its 3D imaging technology.
"We are very pleased to have Mr. Reddy join our team," said Shekhar Wadekar, AccelPath's CEO, in the release. "We are truly impressed by his performance of substantially growing DigiPath from a start-up to a profitable entity within a very short time. He brings a wealth of knowledge to the Company from an operational and growth perspective. Further, Mr. Reddy will play an integral role in developing certain of our proprietary 3D imaging technologies as they relate to digital telemedicine and we welcome Mr. Reddy and his team to AccelPath. AccelPath will continue to seek out similar synergistic acquisitions."
AccelPath is headquartered in Gaithersburg, Md.
Related Articles on Company Acquisitions:
Boston Scientific to Acquire BridgePoint Medical
Danaher to Acquire IRIS International for $338M
ConvaTec to Acquire Intermittent Catheter Provider 180 Medical Holdings for $321M