News Article

GHO Capital signed an agreement to acquire a majority holding in FotoFinder Systems from EMZ Partners on Tuesday, July 8, with EMZ Partners and management reinvesting to maintain minority positions in a bilateral deal structure. 

Key Takeaways 

• FotoFinder is the global market leader in analogue and digital dermatoscopes, total body photography systems, and diagnostic software with AI capabilities, enhanced by the acquisition of DermLite in March 2024, creating a comprehensive platform spanning handheld devices to fully automated total body mapping systems . 

• The deal targets a significant market opportunity driven by over 1.8 million new skin cancer cases diagnosed globally each year and a critical shortage of dermatologists worldwide. 

• FotoFinder’s AI-powered diagnostic capabilities include the an MDR-certified (European Union Medical Device Regulation) AI-assisted dermatoscope in the EU , providing significant competitive differentiation in the European market. 

• The platform enables expansion into adjacent markets such as aesthetics while leveraging existing commercial infrastructure to shorten diagnostic timelines and streamline workflows for healthcare providers. 

• GHO Operating Partner Jan De Witte will join as Chairman, bringing medical imaging expertise to accelerate growth initiatives and operational improvements. 

• The transaction aligns with GHO’s core strategy of investing in high growth MedTech areas and exemplifies technology-enabled solutions addressing critical access gaps through scalable, recurring revenue models.