Philips is to acquire US-based Stentor, a developer of picture archiving and communication systems (PACS) used for storing, managing and distributing digital radiology images throughout hospitals and healthcare facilities, in a $280 million deal.
The company expects its 2005 sales to be $50 million and 2006 sales annual growth is projected at 50% based on the company’s unique “pay-per-study” business model, in which customers pay a fee to view, distribute and store medical images rather than purchase a PACS system outright.
Stentor will be incorporated into the Healthcare IT business of Philips’ Medical Systems division. From its headquarters location in
The healthcare IT market is attractive given that