SOFIE Acquisition, Valuation, Funding & Investors

SOFIE was acquired by GE HealthCare for $945M in October 2026.

See full SOFIE profile

SOFIE acquisition price

$945M

Acquired by GE HealthCare · Oct 2026

Cumulative funding SOFIE raised

$36M

across 3 funding rounds

Key investors in SOFIE

  • Cycad Group
  • Jubilant Biosys
  • Tata Industries Limited
  • MRM Capital

SOFIE Overview

About SOFIE

SOFIE is a Long Island City-headquartered radiopharmaceutical company advancing theranostics for cancer diagnosis and therapy. It manufactures PET imaging agents like [18F]FDG and [68Ga]PSMA-11, alongside cyclotron and chemistry systems for on-site production. SOFIE operates a network of 12 radiopharmacies across the U.S. and contract manufacturing for novel tracers, supporting clinical trials and commercial supply for partners like Novartis.


Founded

2008

HQ

United StatesLos Angeles, CA

Website

sofie.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$100M (Nov 2020)

SOFIE Acquisition

SOFIE was acquired by GE HealthCare for $945M on 5 October 2026.

Before the acquisition SOFIE had raised $36M across 3 funding rounds.

GE HealthCare announced acquisition of SOFIE Biosciences, a radiopharmaceutical manufacturer and distributor, in October 2026 for $945 million in cash, establishing a final-mile footprint for PET radiopharmaceutical supply in the United States. The transaction expands GE HealthCare's footprint in the radiopharmaceutical industry and supports patient access to fluorine-18 labeled positron emission tomography radiopharmaceuticals for diagnostic imaging of cancer and other diseases. SOFIE Biosciences, founded in 2006 by Dr. Michael Phelps and headquartered in Los Angeles, California, operates a network of 14 radiopharmacy sites committed to on-time delivery and maintains intellectual property in theranostic agents including FAPI targeting compounds developed in collaboration with major medical centers. The company generates revenues in the hundreds of millions from its contract manufacturing services and radiopharmaceutical distribution network serving clinical research programs and diagnostic imaging centers across the United States. SOFIE's mature manufacturing capabilities, established supply chain infrastructure and theranostic intellectual property position it as a significant player in accelerating adoption and access to molecular diagnostics and therapeutics for personalized medicine applications.

SOFIE acquisition details
AcquirerDateTypePrice
5 Oct 2026Strategic M&A$945M

Sources: gehealthcare.com, sofie.com, gehealthcare.com

SOFIE Valuation

SOFIE is currently valued at $100M, based on its Series C in November 2020. Read the announcement ↗

The $27M round was led by Jubilant Biosys.

SOFIE valuation by funding round

SOFIE valuation by funding round
DateStageValuation
Nov 2020Series C$100M

SOFIE Funding History

SOFIE has raised a total of $36M across 3 funding rounds.

SOFIE's first fundraising round was a $5M Series A in October 2013. The most recent completed round was a $27M Series C in November 2020.

SOFIE funding rounds

SOFIE funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2020Series CJubilant Biosys (lead)$27M$100MSOFIE Biosciences Inc. is a US-based company focused on developing and delivering molecular diagnostics and therapeutics, particularly theranostics, with a radiopharmaceutical production and distribution network, contract manufacturing services, and high-value theranostic intellectual property including FAPI compounds for oncology detection and treatment. It provides PET scanners using radiotracers for cancer, cardiovascular, and neurological disorders, automated radiochemical synthesizers, tracking software, and supplies molecular tracers to clients. In November 2020, SOFIE completed a $27.4 million Series C financing round led by $25 million from Jubilant Radiopharma (part of Jubilant Pharma), with three undisclosed syndicate investors, at a $100 million valuation, granting Jubilant approximately 25-25.8% stake. The investment supported expansion of PET manufacturing capacity in the US, product pipeline progress, and strategic partnership for radiopharmaceutical development, manufacturing, and distribution, positioning SOFIE as the first US theranostic production center for FAPI. The round built on prior funding: $5 million equity in 2013, $3.7 million in 2016, and $950,000 debt in July 2019. By 2024, SOFIE entered a merger agreement with Trilantic Capital Partners North America funds, prompting Jubilant Pharma to sell its full 25.8% stake for $139.43 million total proceeds ($113.63 million at closing plus $25.8 million milestone-contingent), reflecting significant value appreciation from the $25 million 2020 investment. Jubilant planned to use proceeds for debt reduction, capex, and corporate purposes, with a $7 million termination fee if the merger failed. SOFIE's traction included share of profit for Jubilant of Rs. 13.3 crores (0.2% of Jubilant's consolidated income) for the year ended March 31, 2023, indicating operational progress in nuclear medicine. The partnership leveraged Jubilant Radiopharma's expertise, quality standards, and distribution network of 46 US radio-pharmacies alongside complementary SPECT and PET portfolios to advance theranostic solutions.
Jun 2016Seed-$4M--
Oct 2013Series ATata Industries Limited (lead); MRM Capital; Cycad Group$5M--

Who has invested in SOFIE?

4 investors have backed SOFIE across its funding rounds, including Cycad Group, Jubilant Biosys, Tata Industries Limited and MRM Capital.

Lead investors include Jubilant Biosys and Tata Industries Limited.


SOFIE Investors

Investors in SOFIE by funding rounds participated
InvestorHQRoundsRoleFirst check
MRM CapitalUnited StatesCincinnati, OH1ParticipantOct 2013
Cycad GroupUnited StatesSanta Barbara, CA1ParticipantOct 2013

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Acquisitions by SOFIE

SOFIE has acquired 1 company to date.

Last acquisition by SOFIE was on May 11th 2017. SOFIE acquired Zevacor for undisclosed valuation.


Latest Acquisitions by SOFIE

Zevacor
Description
Zevacor is a radiopharmaceutical producer under Illinois Health and Science, manufacturing PET and SPECT isotopes for nuclear medicine imaging. Noblesville-headquartered in Indiana, Zevacor Molecular operates a 70 MeV cyclotron for clinical and research isotopes like FDG and NaF. Zevacor Pharma offers custom radiolabeling for biotech firms nationwide. The facilities support over 200 hospitals with daily distributions across the Midwest and East Coast.
HQ CountryUnited States
HQ City
Indianapolis, IN
Deal Date11 May 2017
Valuationundisclosed
EV/Revenue
EV/EBITDA

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SOFIE Competitors

SOFIE competitors include listed companies like 4DMedical, Alphatec Holdings, VCANBIO and Weigao Group, and private ones like SiBionics and Embark.

Public and private companies comparable to SOFIE
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
4DMedicalAustraliaAustraliaPublicly listed$5M($140M)$950M93.0x
Alphatec HoldingsUnited StatesUnited StatesPublicly listed$764M($15M)$1.1B2.0x
VCANBIOChinaChinaPublicly listed$218M$44M$1.2B4.1x
SiBionicsChinaChinaPrivate--$717M-
Weigao GroupChinaChinaPublicly listed$229M$57M$1.2B4.5x
EmbarkUnited StatesBoston, MAPrivate--$700M-

SOFIE Public Comps

SOFIE is no longer listed, but its public comps include 4DMedical, Kuros Biosciences, LifeTech Scientific, Shanghai Haohai, Mani Inc., Artivion, AdaptHealth, CeriBell, Obsidian Therapeutics and MedCap.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
4DMedical$5M($140M)158.8x93.0x(5.5x)(16.5x)
Kuros Biosciences$146M$9M6.5x4.9x109.9x38.8x
LifeTech Scientific$206M$37M3.6x-20.1x-
Shanghai Haohai$367M$59M1.8x1.9x10.9x10.4x
Mani Inc.$189M$59M3.9x3.5x12.5x9.3x
Artivion$441M$63M3.0x2.8x21.3x14.2x
AdaptHealth$3.2B$473M0.9x1.0x6.3x5.6x
CeriBell$89M($50M)10.5x8.4x(18.7x)(17.1x)

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Common questions about SOFIE

When was SOFIE founded?SOFIE was founded in 2008.
Where is SOFIE headquartered?SOFIE is headquartered in Los Angeles, CA, United States.
Is SOFIE publicly listed?No, SOFIE was acquired by GE HealthCare in October 2026.
Who acquired SOFIE?SOFIE was acquired by GE HealthCare in October 2026.
How much was SOFIE acquired for?SOFIE was acquired for $945M in October 2026.
What is SOFIE's valuation?SOFIE was last valued at $100M in its Series C in November 2020.
How much funding has SOFIE raised?SOFIE has raised $36M across 3 funding rounds.
What was SOFIE's last funding round?SOFIE's last funding round was a $27M Series C in November 2020, led by Jubilant Biosys.
Who are SOFIE's investors?SOFIE's investors include MRM Capital, Cycad Group, Jubilant Biosys and Tata Industries Limited.
Which companies are comparable to SOFIE?Companies comparable to SOFIE include 4DMedical, Alphatec Holdings, VCANBIO, SiBionics, Weigao Group and Embark.
How many companies has SOFIE acquired?SOFIE has acquired 1 company, including Zevacor.

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