Agfa concludes acquisition of Heartlab
12 June 2005
Mortsel, Belgium. Agfa-Gevaert has concluded the acquisition of Heartlab,
Inc., having complied with the regulatory requirements. Heartlab is a
leading designer and supplier of image and information networks for
cardiology. The transaction price consists of $132.5 million USD / 106.5
million euros. The acquisition is expected to be cash accretive from the
Heartlab, founded in 1994 and headquartered in Westerly, Rhode Island
(USA), provides cardiology image and information systems to many of North
America's leading academic and research cardiovascular care centers. Agfa
and Heartlab have been collaborating since December 2003, within a
distribution agreement for Agfa's IMPAX for Cardiology.
This solution allows smooth integration of radiology and cardiology, the
two most image intensive departments within hospitals, and enables
information to flow more efficiently within the healthcare enterprise and
facilitates management of the electronic patient record.
The acquisition will expand on other recent acquisitions to strengthen
Agfa's leadership position in imaging technology and healthcare IT.