Multimodality vendor Philips Medical Systems of Andover, MA, has completed its acquisition of PACS vendor Stentor of Brisbane, CA.
Philips announced in July that it was planning to acquire Stentor for $280 million. Stentor was founded in 1998 to commercialize image distribution technology developed by Dr. Paul Chang at the University of Pittsburgh. The firm's core technology, called iSyntax, utilizes a wavelet-based scheme to facilitate on-demand delivery of image data.
Philips hopes to bring the Stentor technology to other international markets, and within the next two years to base its cardiology PACS activities on Stentor's software platform.
By AuntMinnie.com staff writers
August 5, 2005
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