Sectra buys Swedish imaging company RxEye

Sectra (OMX:SECTB) said it acquired RxEye AB and its cloud-based medical imaging platform for an undisclosed amount on Dec. 30, 2015.

The RxEye Cloud service is used to remotely view images by more than 2,000 users in European radiology, nuclear medicine and pathology departments and teleradiology services companies, Linköping, Sweden-based Sectra said. RxEye, which employs 6 workers, posted sales of about $833,000 last year (SEK 7 million), Sectra said.

“Providing services to the medical care sector via the Internet is a delivery model that we can see is increasing in importance and remote viewing of medical images is a growing area due to efficiency requirements and, in certain cases, staff shortages in the medical care sector,” says Torbjörn Kronander, President and CEO of Sectra. “RxEye is a small company with products that complement our offering of IT services, which can enhance the efficiency of communication and use of resources in medical care.”

“As a result of this transaction and the accompanying access to Sectra’s customer and sales network, the service can continue to be developed and contribute to simplifying the everyday work of radiologists and pathologists,” Lars Henriksson, investment manager at Industrifonden, 1 of RxEye’s former principal owners, said in prepared remarks.

Sectra said it will integrate RxEye into its imaging IT solutions business. The deal includes a cash payment and additional milestones, the company said.

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