Yesterday Agfa announced it had entered exclusive negotiations with Dedalus Holding to sell part of its Healthcare IT business, specifically the business tied to its EMR and Integrated Care offerings. The facts are:
– In May 2019 Agfa stated it would explore selling its Hospital IT and Integrated Care (HCIS) solutions business.
– This process was brought a step forward towards the conclusion yesterday with the announcement that the deal (valued at €945M) would be completed during Q2 2020, and those negotiations would be on an exclusive basis with Dedalus.
– The HCIS business comprises its EMR and Population Health Management/Integrated Care portfolio.
The Signify View
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Agfa’s HCIS business, driven by its ORBIS EMR solution, is an attractive acquisition given its recent performance in terms of revenue growth. The HCIS business outperformed the rest of Agfa HealthCare over the last 24 months, with high single-digit growth in 2017 and 2018. Whereas Agfa HealthCare as a whole saw revenues decline by 3.5% and 4.6% in 2017 and 2018 respectively, with all other sub-business lines – Classic Radiology, Imaging IT, CR/DR, and Hardcopy film – all showing declines/flat performance over the same period.
Source: Hit Consultant
