Intelerad has bought the Mayo Clinic-backed medical image software developer to further expand its platform for reading, storing and sharing diagnostic imaging.

Medical imaging company Intelerad Medical Systems has agreed to acquire Ambra Health, a US-based developer of medical image management software, allowing medical research company Mayo Clinic to exit.

Intelerad will pay more than $250m for Ambra Health, according to Bloomberg, in a deal that values the combined entity at around $1.7bn.

Founded in 2006 as Dicom Grid, Ambra offers a cloud-based medical image platform that improves imaging and collaborative care workflows for healthcare providers, radiology practices, subspecialty practices and life…