Agfa acquires remaining shares of Italian RIS supplier Med2Rad
12 June 2005
Agfa-Gevaert has announce that it has acquired the remaining shares of
Med2Rad, the leading developer and supplier of RIS (Radiology Information
Systems) in Italy. According to the terms and conditions of the agreement
concluded in 2002, the transaction price for the 70% of the shares Agfa did
not yet own, amounts to $4.0 million USD / 3.2 million euros and was paid in
cash.
Combined with other recent acquisitions, Med2Rad further strengthens
Agfa's leading position in radiology IT. Agfa and Med2Rad have been
co-operating since 2000, when Agfa became the exclusive distributor of the
Med2Rad Radiology Information System. In 2002, Agfa acquired a 30%
participation in Med2Rad.
Med2Rad, which has in-depth knowledge of the Italian healthcare market,
is expected to become a key component in the roll-out of Agfa's EPR
(Electronic Patient Record) portfolio based on ORBIS —technology acquired
through GWI.
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