Dear AuntMinnie Member,
Medical imaging vendors started the week off with a bang, as three companies announced merger or acquisition agreements today. You'll find all the details in our Business and Industry Digital Community.
The biggest combination involves two PACS firms, Cedara Software and Merge eFilm, with Merge buying Cedara in a stock-for-stock transaction valued at $393 million. The merged company will have combined revenues of $100 million, and will offer a wide range of image and information management software to both end users and OEMs.
Both vendors have been on the acquisition warpath recently, with Cedara buying eMed Technologies in October 2004 and Merge eFilm in the process of finalizing a deal to buy AccuImage Diagnostics. Merge has also made a number of other acquisitions in the last several years, buying RIS Logic in 2003 and eFilm Medical in 2002.
In the second deal, Eastman Kodak is purchasing Israeli computed radiography manufacturer Orex Computed Radiology in an acquisition valued at $50.5 million. Kodak said that Orex's CR products will complement Kodak's own CR product line, and will help Kodak penetrate new specialty markets like orthopedics, dentistry, and nondestructive testing, and smaller facilities like imaging centers.
Finally, Swedish radiation therapy vendor Elekta is buying radiation oncology information systems firm Impac Medical Systems in a deal worth about $250 million. The acquisition will enable Elekta to offer products across a broad range of the radiation oncology segment, according to the firms.
Learn all about this week's frenzy of activity by visiting our Business and Industry Digital Community, our headquarters for business news, at business.auntminnie.com.
