by Kiko Ramos | Jan 3, 2025 | News
Substrate AIa Valencian artificial intelligence company listed on BME Growth, has hired the consulting firm LKS Next to prepare the IPO of its subsidiary 4D Médica.
LKS Next is part of the Mondragon Corporation and has a total of 800 professionals specialized in the industrial, technological and health sectors. Its experience includes mergers, acquisitions and capital markets advisory servicesand, therefore will assist Substrate AI in preparing for the IPO.. From the preparation of the necessary documentation, the choice of the most suitable market for the initial public offering (IPO) and the search for investors, considering the particularities of 4D Médica's business.
Acquisition of 4D Medical by Substrate AI
Substrate AI acquired the 70% from 4D Medical in 2022 for 1.4 million euros. 4D Médica was originally dedicated to the sale of diagnostic imaging hardware for the veterinary sector.under the direction of its founder and CEO, Francesc Ramos, with more than 20 years of experience in the sector.
After the acquisition, the company was transformed into a AI applied to diagnostic imagingwith hardware and software divisions, operating in both veterinary and human medicine.
The purchase of Diagximag is integrated into the subsidiary 4D Médica
In 2023, Substrate AI purchased Diagximaga company focused on hardware for human medicine and main distributor of Samsung in Spain.integrating it with 4D Medical. In addition, we developed a AI-based imaging software to help doctors and veterinarians obtain more accurate diagnoses, which will soon also be available for human medicine.
This software seeks to Improve disease diagnosis and reduce radiation exposure to patients and physicians. by means of collimator self-regulation in ionizing radiation equipment.
4D Médica's sales growth since 2021
Thanks to these initiatives, 4D Médica has tripled its sales in three years1.8 million in 2021 to a figure three times higher in 2024, while maintaining an EBITDA margin of more than 25%.
"We are very satisfied with the road we have traveled in just two years. Together with Substrate AI, and thanks to their technology and support, we have transformed the company and prepared ourselves to become one of the key players in the application of AI to diagnostic imaging, an essential part of current and future medicine," says Francesc Javier Ramos, CEO of 4D Médica.
Therefore, the next step is the joint work of LKS Next, Substrate AI and 4D Médica to ensure that the IPO fits the needs of the company's growth plan.
Kiko Ramos
CEO of 4D Médica. Expert in marketing and distribution of medical equipment.
by 4D Medical | Nov 19, 2024 | News
Thousands of businesses affected, more than 200 deaths and severe damage to many families, businesses and local institutions. The passage of the DANA has had an impact on a total of 75 municipalities in the Valencian Community, two in Castilla-La Mancha and one in Andalusia. Three weeks later, the economic cost is estimated at 1,789 million euros, between repairs and economic reactivation measures, in addition to a further 53 million euros in losses due to inactivity.
According to the data of the evaluation report carried out by the Valencia Chamber of Commerce, the total impact was 1,843 million euros.. But how has it affected the healthcare sector and medical centers?
Retail stores, the main affected by the DANA
The stores and small businesses have been the main affected after the floods. Approximately, a total of 5,228 companies have been directly hit by the DANA, and more than 3,500 businesses have serious damage. For this reason, the government has earmarked a set of measures to repair the damage in the affected premises. The cost of all structural damage will amount to €145 million, in addition to the €394 million earmarked for the cleaning and replacement of assets125 million for the construction of the new plant, such as machinery and furniture, and inventory replenishment.
The healthcare sector and the medical centers concerned
In the healthcare sector, there are many medical, veterinary and dental clinics; physiotherapy centers and health centers which have suffered numerous damages. Floods have affected a multitude of diagnostic imaging and laboratory equipment. and many of them could not be saved after the passage of the DANA.
4D Médica's services to help affected facilities
In view of this situation, from 4D MedicalWe are doing our bit to help all the affected centers. Throughout the last few weeks, we have been carrying out different activities to technical assistance services free of charge. On the one hand, the removal of diagnostic equipment that have had serious mishaps and the reporting on the extent of the damages The companies can process the request for insurance indemnities and also the application for the different state aids.
Main solutions and measures for companies
The retail fabric has been the most affected, especially in the Valencian Community. An impact that could lead to the definitive closure of many businesses, as it is estimated that there is a potential risk that between 25% and 40% of commercial businesses will not reopen. For this reason, the government has promoted a series of economic reactivation measures to support businesses.
Industrial and service establishments have access to a subsidy of up to 7% of the value of the compensable damages36,896 euros. At the same time, it has been approved a 500 million to remove the accumulated sludge debris and repair water networks in the affected municipalities. On the other hand, the victims are exempted from paying the Real Estate Tax (IBI) and have a reduction in the Business Activity Tax (IAE) in 2024.
United to restore clinics and health centers to normalcy
There is still much to be done, but together, we will help restore health and well-being. Many volunteers have volunteered to clean up and bring supplies and materials to the hardest hit areas. At 4D Médica, we are supporting all the companies and centers that need it. The aim is to enable the affected businesses in the healthcare sector to resume their activities.
Together, we will get things back to normal. If your center is one of those affected, you can contact us by the following means:
We will be happy to help you!
by 4D Medical | Nov 5, 2024 | News
The
Principality of Asturias Health Service (Sespa) has received
54 state-of-the-art ultrasound scanners 1.7 million. Following the award in April 2024 of the public procurement contract for the
DiagximagOn September 30, the delivery of the equipment was signed. The ultrasound scanners, which were delivered during the months of July and August, represent a very important step forward in the
modernization and digitalization of the healthcare sector in the Asturian region.
How are Diagximag's state-of-the-art ultrasound scanners different?
Diagximag, a subsidiary of Diagximag, an Asturian-based company 4D Medical and belonging to the group Substrate AIhas about state-of-the-art ultrasound scanners which offers a complete imaging solution. These Samsung-branded medical devices combine advanced technology and precision imaging of the different organs, tissues and internal structures of the body. It is an essential tool for diagnosing medical conditions, monitoring the health and development of the fetus during pregnancy, and for guiding certain medical procedures, such as biopsies and tissue extraction. Below, we analyze the main features that define Diagximag ultrasound scanners:
- Equipment includes artificial intelligence and remote controlOne of the innovations of Diagximag ultrasound scanners is that they allow ultrasound scans to be performed using artificial intelligence. They differ in that they include the Sonosync function that allows radiologists to control the equipment completely remotely. In other words, from their own home, they can diagnose patients as if they were present at the medical center.
- High image resolutionThey have a very good image resolution and incorporate Doppler technology, so that tissues and blood flow can be visualized with total clarity. This allows to visualize detailed images and perform a complete diagnosis of the area of the body to be analyzed.
- Intuitive design for multiple uses in the clinical settingIn addition to their multiple functions, ultrasound scanners have an intuitive design that facilitates their use in different clinical environments. A fundamental aspect when it comes to increasing the efficiency of medical diagnostics.
What advantages and innovations do they offer in diagnostic imaging?
The ultrasounds are one of the most widely used medical techniques today, because it is a convenient, inexpensive, safe and non-invasive test. The medical devices used to perform this highly demanded test are ultrasound scanners. They have a rod-shaped toolcalled transducerwhich is responsible for detecting the waves produced inside the body. Through the use of a special gel which is applied to the skin of the area to be examined and the use of a computerThe images are displayed on the screen, which provide the information on fabrics.
The innovative technology based on the application of AI not only enhances the medical diagnostic experience, but also offers a major progress in telemedicine. In this way, the following can be realized rapid diagnostics no matter where the specialist is located. With this, it is possible to reach more regionsas there are many localities that do not have all medical services in health centers. The use of state-of-the-art ultrasound scanners means that more patients can receive a quick and accurate diagnosis, avoiding the need to travel to other regions that have more resources.
The use of these ultrasound scanners incorporating the latest technology provides an improvement in the health sector, so that now the Asturian region will be able to offer an effective and high quality diagnostic imaging, reducing efforts and limitations.
by 4D Medical | Oct 10, 2024 | News
In the first half of 2024, the Health Service of the Principality of Asturias (SESPA) awarded to Diagximag a contract valued at 1.4 million euros for the supply of 54 state-of-the-art ultrasound scanners for the Asturian public health system.. Diagximag, of Asturian origin, is the subsidiary company of 4D Médica that belongs to the Substrate AI group. Last Monday, September 30, the final handover of the ultrasound scanners was signed, marking a milestone for the modernization and digitalization of the health system in the region of Asturias.
New ultrasound scanners with advanced technology and artificial intelligence
The new equipment was delivered between July and August 2024 and is characterized by a advanced technology and be equipped with artificial intelligence. The Samsung AI-enabled ultrasound scanners have pioneering technology through their Sonosync functionwhich allows radiologists to using the ultrasound scanner remotely. In this way, professionals can use the equipment from their own home, as if they were physically present at the medical center itself. This represents a breakthrough in telemedicine, as it facilitates fast and accurate diagnoses regardless of the specialist's location.
With this project, Substrate AI reaffirms its commitment to digital transformation and artificial intelligence applied to healthcare. A new step that leads them to consolidate their position as a benchmark in cutting-edge technological solutions.
About Substrate AI
Substrate AIa company listed on BME Growth, is leader in the development of artificial intelligence technologies applied to different industrieswith a special focus on health. Through its subsidiaries Diagximag and 4D Medical, Substrate AI is committed to innovation and the improvement of essential services through the implementation of AI-based solutions.
Press
Asturian healthcare receives 54 ultrasound scanners for 1.7 million euros after award to Substrate AI - Forbes Spain
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