Agfa HealthCare said it has concluded its purchase of cardiac image and information management firm Heartlab for $132.5 million. Agfa and Heartlab of Westerly, RI, have been collaborating since December 2003 under a distribution agreement for Agfa's Impax for Cardiology network.
Mortsel, Belgium-based Agfa has also acquired the remaining shares of RIS developer Med2Rad of Macerata, Italy, for $4 million in cash. Agfa and Med2Rad have been working together since 2000, when Agfa became the exclusive distributor of Med2Rad's RIS offering. In 2002, Agfa acquired a 30% ownership in the company.
Both deals are part of Agfa's strategy to strengthen its position in the radiology IT market, according to the firm.
By AuntMinnie.com staff writers
June 2, 2005
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