Agfa-Gevaert hatches plan for standalone HIT biz

Agfa-Gevaert (EBR:AGFB) said today that it’s looking at establishing its healthcare IT division into a stand-alone business.

The Belgian graphics conglomerate, which also has a healthcare imaging division, said its board asked CEO Christian Reinaudo’s management team to study how to set up the HIT division as its own legal entity within Agfa-Gevaert.

“Increasing the independence of the HealthCare IT activities would be a natural progression in the continued transformation of the group,” the Mortsel, Belgium-based company said. “In such a set-up, HealthCare IT would be able to increase its focus on the large and attractive markets it is already in. The main part of the Agfa-Gevaert group, which would consist of Agfa Graphics, Agfa Specialty Products and Agfa HealthCare’s imaging business, would also be better positioned to pursue growth, profitability and new opportunities.”

AGFB shares closed down -1.8% at €3.78 apiece today in Brussels.

Late last year, German medical software company CompuGroup Medical courted Agfa-Gervaert, before breaking off its pursuit in December. Neither company offered a reason about the courtship’s end.

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