Belfast-based medical tech company Axial3D has raised $18.2 million in equity funding to expand its AI-powered 3D medical imaging solutions globally. Key investors include 57 Stars, Whiterock, and Innovate UK, with 57 Stars becoming the largest shareholder through a $10 million investment.

Founded in 2015, Axial3D specializes in creating patient-specific 3D imaging for surgical planning, robotics, and custom medical devices. With a team of 60, the firm’s technology is poised to revolutionize personalized healthcare by offering scalable and precise solutions to hospitals and medical device companies.

CEO Roger Johnston emphasized the potential to impact millions of patients worldwide by making patient-specific surgery a global standard. Investors highlighted Axial3D’s role in advancing accessible and precise care solutions in the med-tech sector.

The UK government has announced a £100 million public-private investment to establish 20 Commercial Research Delivery Centres (CRDCs) across the nation. These centres, equipped with state-of-the-art technology, aim to expand access to clinical trials for cutting-edge treatments. Covering regions across England, Scotland, Wales, and Northern Ireland, the initiative ensures inclusivity and accessibility for all communities.

Focusing on major health challenges such as cancer, obesity, and infectious diseases, the CRDCs are part of a £400 million joint investment scheme. This initiative will boost the UK’s life sciences sector and drive economic growth.

The plan includes simplifying clinical trial processes through new regulations to speed up approvals. By shifting trials into community settings, it increases participation and aligns with the government’s 10-Year Health Plan, which prioritises prevention and healthier living.

This transformative investment underscores the UK’s leadership in global health innovation and its commitment to building a healthier future for all.

Rudolph and Sletten, a subsidiary of Tutor Perini, has been awarded a contract exceeding $1 billion for a major healthcare campus project in California 🇺🇸. The expansive development will include a new hospital, an energy center, and a parking garage, with construction slated to begin in late 2024 and substantial completion anticipated by 2029 🔨🚧.

This project contributes to Tutor Perini's record-breaking backlog, which stood at approximately $14 billion as of September 30, 2024, marking a 35% increase from earlier this year 📈.

At the Global Health Exhibition in Riyadh, Saudi Arabia’s Health Minister Fahad Al Jalajel revealed $13.3 billion in new healthcare investments, focusing on expanding healthcare infrastructure and strategic partnerships.

🔹 $1 Billion Partnership: NUPCO, Novo Nordisk, and Sanofi to boost pharmaceutical manufacturing.

🔹 $1.3 Billion Expansion: Fakeeh Care Group enhancing healthcare capacity.

🔹 $798 Million by Almoosa Health Group: Five primary care centers and two new hospitals.

🔹 Dallah Health’s Acquisitions: Al Salam and Al Ahsa hospitals, adding 749 beds, plus a $1 billion, 250-bed hospital planned in Riyadh.

The exhibition also introduced partnerships among universities, healthcare institutions, and the private sector to drive innovation and workforce development. These investments mark a major step in Saudi Arabia’s mission to strengthen its healthcare sector and meet rising demand. 🌍👩‍⚕️🩺

Select Medical Corporation has announced plans to operate a new state-of-the-art inpatient rehabilitation hospital in Temple, Texas. The facility will feature over 40 beds and span 48,000 square feet, scheduled to open in late Q1 2025.

Tom Mullin, president of Select Medical, emphasized the growing need for inpatient rehabilitation services in Texas, highlighting the hospital's role in providing access to care for patients recovering from conditions such as stroke, traumatic brain injuries, and spinal cord injuries across Central Texas. With this new addition, Texas will become one of Select Medical's largest markets, offering a comprehensive continuum of post-acute care.

The new hospital will complement Select Medical's existing operations in the region, which include four inpatient rehabilitation hospitals in the Dallas-Fort Worth area and various outpatient physical therapy centers, established through a joint venture with Baylor Scott & White Health.

Select Medical is a leading operator of critical illness recovery hospitals and rehabilitation facilities in the U.S., with operations spanning 46 states and the District of Columbia.