Epsilon Health

Epsilon Health

AI-assisted radiology practice reading scans

Overview

Epsilon Health, incorporated as Epsilon Labs, is an AI-native radiology practice that reads medical imaging and reports on it. Board-certified radiologists own every diagnosis while the company's models support throughput, accuracy, and report quality, an arrangement aimed at imaging volume that keeps rising against a shrinking radiologist workforce, leaving patients waiting days for results that should take hours. It serves imaging centers and payers, and its research teams build the models and evaluation tools the practice runs on. Unlike vendors that sell software to hospitals and leave adoption to them, it operates the practice itself, so models reach live reads instead of papers. The company's goal is to shorten turnaround by putting clinicians, engineers, and researchers inside one organization.

About Epsilon Health

Simplify's Rating
Why Epsilon Health is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

N/A

Founded

N/A

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Simplify's Take

What believers are saying

  • June 2026 receipts reached A$3.66 million, up 72% year over year.
  • July 2026 cash rose to A$1.47 million with positive operating cash flow.
  • Puro New Zealand could add about A$2 million revenue in 2026 and more Europe work.

What critics are saying

  • Auditor A D Danieli flagged going-concern doubt in November 2025.
  • Epsilon still relies on related-party funding from Peter Giannopoulos and Lekarna through 2027.
  • The 2023-2026 Josh Cui dispute shows governance fragility and litigation overhang.

What makes Epsilon Health unique

  • Epsilon Healthcare’s integrated model spans CDMO, clinics, and pharmacy operations across Australia.
  • The February 2026 Puro New Zealand deal gives Epsilon Pharma export manufacturing relevance.
  • Renewed manufacturing permits and a new Newtown pharmacy deepen clinical-to-dispensing workflow.

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