Radiaction (“Radiaction” or the “Company”) and InnovaHealth Partners, LP (“InnovaHealth”) jointly announced Thursday that InnovaHealth has made a growth equity investment in Radiaction and acquired a majority interest in the Company. Radiaction has developed a robotic system that substantially reduces radiation exposure to physicians and technicians. The Radiaction system is designed to be compatible with any type of fixed C-arm imaging system and will seamlessly integrate into clinical workflow. There are approximately 20,000 fixed C-arm imaging units worldwide which are utilized in millions of medical procedures each year. The Company is based in Tel Aviv, Israel.
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