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Integra Partners AI-Driven Data Analytics Firm in Wound Care

July 09, 2019 / Zacks Equity

Integra LifeSciences Holding Corporation IART recently struck a crucial partnership deal in the growing field of data analytics pertaining to wound care. The company got associated with Tissue Analytics, which is a developer of AI-powered software solutions for chronic wound management. However, financial terms of the deal have been kept under wraps. Integra LifeSciences considers this alliance to be aptly strategic as this is going to combine the company's skill in developing wound repair products with Tissue Analytics' advanced digital capabilities in a clinical trial setting.Per Integra LifeSciences, the modern health industry is perceiving a massive transformation in clinical trial setting from traditional paper forms to electronic data capture in order to enable better data accessibility, compliance, security and organization. However, lack of quality data available for wound assessment disrupts the system. Accordingly, visual approximations and error-prone ruler measureme...