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Olympus announces Image Stream Medical acquisition

by Thomas Dworetzky, Contributing Reporter | May 01, 2017
Business Affairs Operating Room
Olympus Corporation of the Americas (OCA) has announced plans to acquire Image Stream Medical, a specialist in hybrid operating rooms, as well as other “clinical visual collaboration solutions.”

"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,” Nacho Abia, OCA President and CEO said in a statement.

The deal, he added, “provides us with an exciting opportunity to enhance the continuum of care throughout the health care enterprise.”

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The acquisition would bring Olympus the Massachusetts-based health care systems integrator's “technology and know-how in visualization and health care environment integration,” stated the company.

It provides “vendor-neutral solutions,” according to the company website. These solutions include: procedure space integration and recording; providing a medical virtual presence to enable remote participation; video conferencing; live video streaming; video editing; content management; and integration of procedure videos and images with EHR, PACs and VNA system data.

The goal is “to offer superior 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,” according to Olympus.

The deal, slated to close in June, will be worth “up to $87 million,” advised Reuters.

“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," said Eddie Mitchell, Image Stream Medical CEO, who added that joining with "Olympus' unparalleled imaging and surgical technology,” would “allow our customers to provide improved care for their patients."

The “synergy” between the two companies was also stressed by Todd Usen, president of the Medical Systems Group at OCA. "Combining Olympus' global reach and expertise, world class support infrastructure, and market leadership with Image Stream Medical's innovative products will result in superior workflow and patient care, and safety enhancements for health care enterprises,” he stated.

The impact of the deal will benefit U.S. customers first, but plans call for an expansion by Olympus that will “subsequently create a leading global systems integration platform.”

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