RSNA 2019 News

Agfa to sell part of healthcare IT business

By staff writers
December 3, 2019

Agfa-Gevaert Group, parent company of Agfa HealthCare, is negotiating the sale of part of its healthcare IT business to Dedalus Holding.

On May 14, Agfa's board of directors started investigating the sale of its healthcare segment, and today the negotiation process has begun. Dedalus Holding would acquire 100% of the business at an enterprise value of $1.08 billion, subject to regular working capital and net debt adjustments.

The business consists of healthcare information solutions, integrated care activities, and imaging IT to the extent these activities are integrated into healthcare information solutions, which happens mainly in Austria, Germany, Switzerland, France, and Brazil.

The transaction is subject to customary employees' consultations, regulatory approvals, and closing conditions. It is expected that, upon positive conclusion of the negotiations, the transaction will be completed in the second quarter of 2020.

"The expected sale of the business, which generates around 260 million euros [$288 million U.S.] of full year revenues, will represent another milestone in our transformation process," said Christian Reinaudo, CEO of the Agfa-Gevaert Group, in a press release. "We are looking forward to this important step. We believe that under Dedalus Holding's ownership, the business will continue to develop into a leading pan-European player in the healthcare IT market."

Going forward, Agfa HealthCare will focus on imaging IT, with the intention to grow revenues and raise the earnings before interest, taxes, depreciation, and amortization (EBITDA) margin performance over time from midsingle-digit percentage of revenues to a double-digit level, Reinaudo said.

Agfa debuts DR 100s at RSNA 2019
Agfa HealthCare launched its new DR 100s digital radiography (DR) system at RSNA 2019 in Chicago.
Agfa prepares enterprise imaging upgrade for RSNA 2019
Agfa HealthCare will highlight the newest version of its Enterprise Imaging platform at RSNA 2019 in Chicago.
Agfa wins Va. DR install
Agfa HealthCare has installed its DR 800 multipurpose x-ray room at Chesapeake Regional Medical Center in Chesapeake, VA.
Agfa readies Musica, DR enhancements for RSNA 2019
Agfa HealthCare said it will present enhancements to its Musica acquisition workstation and a new digital radiography (DR) system at the 2019 RSNA meeting...
FDA clears Agfa's DR system with tomo
The U.S. Food and Drug Administration (FDA) has cleared Agfa HealthCare's DR 800 multipurpose digital radiography (DR) system with tomosynthesis capability.

Copyright © 2019

Last Updated np 12/3/2019 10:55:23 AM