Image management firm Emageon reported that it has acquired all the stock of cardiac image management provider Camtronics Medical Systems, a subsidiary of Peabody, MA-based Analogic.
Under the terms of the acquisition agreement, Birmingham, AL-based Emageon paid $40 million in cash for the stock of Camtronics. The transaction included all of Camtronics' assets, including its corporate headquarters building in Hartland, WI.
Emageon said that it believes that following this transaction its 2006 revenue should reflect growth of 45% to 50% above its 2005 revenue. This new growth-rate projection represents an increase over the company's previous guidance of 30% revenue growth.
Emageon also said that it believes the acquisition should be accretive to earnings after a period of dilution during the integration of the two companies. Integration should be complete by the end of the third quarter of calendar 2006, according to the company.
By AuntMinnie.com staff writers
November 2, 2005
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Camtronics adds Columbus Children's, September 7, 2004
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