News | January 31, 2007

Agfa-Gevaert acquires Hospital Document Management System provider

February 01, 2007 - Agfa-Gevaert announced today that it has acquired HYDMedia GmbH, a document management system provider to hospitals and healthcare centers, as part of Agfa's strategy to expand this service in German, Austrian and Swiss markets, which are expected to grow more than 20 percent in 2007.

The Document Management System market in Germany is experiencing strong growth, with an estimated 400 hospitals actively using the solution by HYDMedia and 1100 hospitals still requiring implementation. The document management system market in Germany, Austria and Switzerland is expected to generate over 100 million Euro in the next four years.

HYDMedia GmbH, provides vendor neutral document management solutions to the German speaking healthcare market, and iIn 2006 HYDMedia GmbH reported sales of 2.3 million Euro. HYDMedia GmbH's vendor neutral solution allows Agfa HealthCare's customers to implement it as part of their existing hospital and clinical IT system (HIS/CIS), as part of Agfa HealthCare's comprehensive ORBIS(TM) offering, or as a stand-alone solution.

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