Olympus to acquire Image Stream Medical

Olympus (TYO:7733) said today that its American subsidiary plans to acquire Image Stream Medical for an undisclosed amount.

Littleton, Mass.-based Image Stream makes software designed to connect hospital imaging equipment and systems. Center Valley, Pa.-based Olympus Corp. of the Americas said it aims to build a global systems integration platform using the Image Stream tech.

“We are very happy to welcome Image Stream Medical to the Olympus family,” OCA president & CEO Nacho Abia. “Image Stream Medical is a top tier integration provider that continues to experience consistent market growth on the strength of its products and operational excellence. This relationship provides us with an exciting opportunity to enhance the continuum of care throughout the healthcare enterprise. 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. 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,” added Image Stream CEO Eddie Mitchell. “I couldn’t be more excited today as we move forward to join Olympus to help better realize that vision. 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.”

“The synergy between Olympus and Image Stream Medical is unprecedented,” OCA medical systems president Todd Usen said. “Combining Olympus’ global reach and expertise, world class support infrastructure, and market leadership with Image Stream Medical’s innovative products, will result in superior work flow and patient care and safety enhancements for healthcare enterprises. We are thrilled to soon create better platforms to provide patients with increased access to more advanced procedures, such as minimally invasive surgeries.”

Image Stream raised $8 million in December 2014.

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