IMEXHS
(ASX:IME)
Imaging Experts and Healthcare Services (IMEXHS) is a provider of next generation SaaS solutions for the healthcare industry. IMEXHS’s suite of web-based cloud solutions allow healthcare facilities to maximise return on investment in radiology, cardiology and pathology facilities through optimised digital workflows and enterprise image management.
IMEXHS is leading the digital transformation of the medical imaging industry by providing advanced technologies for hospitals and clinics that are scalable, adaptable, accessible and can offer seamless interoperability while maintaining data integrity.
x10 Partners' Role
x10 Partner’s Seamus Woulfe initially helped IMEXHS in developing and refining its business plan and strategy. A public listing was identified early on as the optimal funding path for IMEXHS’s growth ambitions, and three key factors were identified as pre-requisites to that listing. IMEXHS needed to demonstrate that it had proven technology, a proven business model and a proven ability to scale into international markets.
During the two years that Seamus worked with IMEXHS, these three key milestones were demonstrated, and x10 Partners was then engaged to manage the journey to the capital markets. IMEXHS listed in September 2018 via an RTO of Omni Market Tide accessing approximately $7.5 million in capital, including $500k by convertible note and $5.5 million by way of a re-compliance capital raise.
Three years on, IMEXHS has expanded its footprint into 15 countries, extended its product range to include radiology, cardiology and anatomical pathology. x10 Partners assisted with a follow on $10 million capital raise in 2019.
Testimonial
"x10 Partners created an opportunity for IMEXHS to significantly accelerate both the scope and speed of our global expansion plans compared with previous private funding options. Seamus and the x10 Partners team added real value to the IMEXHS business, prepared us for the public capital markets and organised staged funding along the way. They always worked with our best interests in mind."
- Dr. German Arango, CEO
Journey Timeline
Imaging Experts and Healthcare Services (IMEXHS) established in Bogota, Colombia
Nuance partnership agreement. Annual revenue $2 million. Business model begins to transition to Software as a Service (SaaS)
First zero footprint HTML product released to market. SaaS business model dominates revenue
The Company listed on the ASX via an RTO accessing $7.5 million in capital
23 distributors in 15countries throughout Latin America and Australia
IMEXHS received FDA clearance to sell its products in the US
IMEXHS announced its first customer in Australia following a successful trial
The Company completed a successful two-tranche placement raising $10 million
Annual Recurring Revenue (ARR) growth of 136% in December over prior period and Compound Annual Growth Rate (CAGR) in ARR since inception of 124%
Launched IMEXHS Cloud and entered the Radiology Services business via an acquisition of RIMAB SAS
x10 Partners completed its post listing advisory services