Box has announced it will be acquiring MedXT, a Y Combinator-backed startup specializing in cloud-based medical image viewing, sharing and collaboration.
MedXT (originally named Clariso, Inc.), was founded in San Francisco in 2012.
The two co-founders, Reshma Khilnani and Cody Ebberson, will both be joining Box's engineering organization.
MedXT's technology — notably its DICOM viewer for X-Ray, MRI and CT images — will be incorporated into the Box platform in order to produce content experiences targeting the healthcare industry.
Box co-founder and CEO Aaron Levie elaborated in Thursday's announcement on how the enterprise cloud service plans to expand patient care coordination to its core healthcare customers.
This falls within Box's, which and and media/entertainment industries.
Now dubbed Box for Industries,, wants to tailor its cloud collaboration services to more than a dozen verticals based on specific opportunities via industry-specific apps, implementation and domain expertise — all built on top of and powered by the Box platform.
In the healthcare space, Box is already partnering with Stanford Health Care, MD Anderson Cancer Center, Mount Sinai Health System, St. Joseph Health and Wake Forest Baptist Medical Center. But the extra internal resources brought in through the acquisition should help bolster Box's platform and reputation with healthcare professionals and Wall Street investors alike.
For example, Levie posited that MedXT's work has overcome "a key hurdle to interoperability." He continued:
Medical images have long been silo-ed from other clinical systems that house medical records and tests, largely due to the complex imaging equipment used to capture them. Reshma and Cody both recognized the opportunity to securely bridge the gap between the equipment that radiologists and technicians are using to capture data, and the people they ultimately need to share that data with. MedXT’s technology renders beautiful, shareable previews of DICOM files in the cloud (as you can see in the photo below), and also supports annotations.
Levie assured that the combination of Box and MedXT will provide physicians with instant access to critical medical procedures and data from tablets while patients will be able to obtain personal medical records and information without hassle.
On top of all of this, healthcare institutions will be able to share results and data across organizations, securely and under government compliance.
The MedXT team followed up with its own statement, concurring "MedXT's PACS and cloud-based clinical image sharing tool alongside Box's HIPAA-compliant file-sharing solution will improve interoperability, care coordination and basic data sharing in the industry."
MedXT accounts will remain accessible for the time being. Financial terms of the deal have not been disclosed.