Login
Sonic Healthcare, harrison.ai complete joint venture
Global medical diagnostics provider Sonic Healthcare and healthcare artificial intelligence company Harrison.ai have formed a joint venture company to co-develop and commercialise effective and accurate clinical artificial intelligence (AI) solutions in pathology.
Jerome Doraisamy
Firm: Gilbert + Tobin (harrison.ai); Norton Rose Fulbright (Sonic Healthcare).
In addition to forming the JV, Sonic has taken a significant strategic shareholding in Harrison.ai.
Area: Corporate, M&A.
Value: N/A.
Key players: The G+T team was led by partner Hiroshi Narushima, who was assisted by lawyers Jamie Pounch and Amelia Nichols. Partner Tim Gole and senior lawyer Stephanie Essey also advised on intellectual property and data-related aspects of the transaction.
The NRF team was led by partner Ben Smits, who was supported by senior associate Adam Hunter, senior adviser Ross Phillipson, and associates Joyce Shi and Henry Yuan.
Deal significance: Sonic Healthcare chief finance officer and finance director Chris Wilks commented: “It was a pleasure to work with Ben and his team on this unique and exciting transaction. The documentation was necessarily bespoke and the NRF team were innovative, professional and commercial throughout the process. I wouldn’t hesitate to use Ben and his team again.”
Mr Smits added: “We have been privileged to support Sonic on the formation of the joint venture with Harrison.ai, as well as their strategic investment in this rapidly growing healthcare AI company. Sonic has world class healthcare experience and a global footprint, and with this investment and partnership with Harrison.ai, Sonic will help scale the AI solutions for pathology across the globe.
“We look forward to seeing Sonic continue to grow and succeed with this strategic partnership and investment.”
And Mr Narushima said: “There’s a lot of energy and excitement working with a fast-growing company on a mission to create world-class AI-powered solutions for the healthcare sector. It’s a privilege to be working with the Harrison.ai team and we’re looking forward to many successes along the way.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
You can email Jerome at:
