Olympus Corporation of the Americas (OCA), based in Center Valley, Pa, signed a definitive agreement to acquire Image Stream Medical Inc., a healthcare systems integrator based in Littleton, Mass for $87 million. The acquisition seeks to enable both companies to improve clinical outcomes, reduce overall costs, and enhance quality of life even further for patients.
Image Stream Medical seeks to facilitate sophisticated visualization and healthcare environment integration for their customers.
Image Stream Medical’s unique expertise includes a deep knowledge of IP-based image management solutions, the ability to offer end-to-end workflow for every clinical specialty, an approach to IT backbone technology that unifies separate clinical areas allowing complete enterprise-wide access to critical data and media, and the proven experience leveraging information and communications technology (ICT) to provide new, value-added services for healthcare facilities.
“This relationship provides us with an exciting opportunity to enhance the continuum of care throughout the healthcare enterprise,” says Nacho Abia, president and CEO of OCA. “We believe the acquisition of Image Stream Medical will accelerate our progress in achieving the universal goals of healthcare reform and furthers our ability to achieve our mission of contributing to society by making people’s lives healthier, safer, and more fulfilling around the world.”
“Image Steam Medical was founded with the vision of solving the key clinical and business challenges for healthcare systems by facilitating collaboration across their enterprises,” says Eddie Mitchell, Image Stream Medical CEO. “By connecting clinicians with the visual insights they need, and with each other no matter where they are, we help teams work more efficiently and effectively.”
Mitchell continues, “The combination of Olympus’ unparalleled imaging and surgical technology, together with the innovative and customer-focused solutions we have cultivated at Image Stream Medical, will allow our customers to provide improved care for their patients.”
Olympus and Image Stream Medical customers will experience no immediate changes in resources, services, or contacts. Over time, customers will have the opportunity to enhance their systems integration implementation based on an expanded and enhanced portfolio and expertise.
Image Stream Medical will continue to operate as a wholly owned subsidiary under the existing name for the foreseeable future. More details on the acquisition will be available in the future.