News | June 28, 2011

Philips Aquires Sectra Mammography Business

June 28, 2011 — Sectra and Philips Healthcare have signed an agreement under which Philips will acquire Sectra’s mammography modality operations for approximately $80 million. Through this deal Sectra’s Medical Systems business will focus on medical imaging information technology (IT).

Sectra has developed and brought the MicroDose Mammography modality to the market. It provides high-quality breast cancer detection at half the radiation compared to all other mammography modalities.

The transaction comprises Sectra’s mammography modality operations worldwide, except for Australia and New Zealand, where Sectra will continue to sell and service MicroDose Mammography under a separate distribution agreement with Philips.

The acquisition includes the legal entity Sectra Mamea AB and modality operations in Sectra’s sales and service organizations. Approximately 110 employees are expected to transfer with the business. Sectra Mamea AB had sales in the most recent financial year of $19 million. This transaction will have a positive impact on the Sectra Group’s operating profit for the current financial year and is estimated to generate a capital gain in terms of earnings for Sectra of about $46 million after tax, excluding the possible earn-out.

The additional possible earn-out based purchase consideration will become due if specially agreed terms and conditions are achieved over a period of five years from the first calendar quarter after the date of closing. The transaction is subject to certain contractual and other closing conditions. The completion of the transaction is expected to occur during the third calendar quarter of 2011.

Sectra’s Medical Systems business area has about 530 employees and reported sales of $128 million for the financial year 2010-2011. Radiology IT, which is Medical Systems’ largest product area, represented 85 percent of sales.

Medical Systems will focus on continued profitable growth in medical imaging IT. Sectra Breast Imaging picture archiving and communication systems (PACS), for the management of mammography images, will remain one of the core areas.

For more information: www.sectra.com/medical/press/

 

Related Content

Transpara Deep Learning Software Matches Experienced Radiologists in Mammogram Reading
News | Computer-Aided Detection Software | January 12, 2018
Deep learning and artificial intelligence improves the efficiency and accuracy of reading mammograms, according to...
Fat Distribution in Women and Men Provides Clues to Heart Attack Risk
News | Women's Health | January 11, 2018
January 11, 2018 – It’s not the amount of fat in your body but where it is stored that may increase your risk for hea
Women Prefer Getting Mammograms Every Year
News | Mammography | January 09, 2018
Women prefer to get their mammograms every year, instead of every two years, according to a new study presented at the...
Planmed Clarity 2-D Digital Mammography System Receives FDA Approval
Technology | Mammography | January 08, 2018
The U.S. Food and Drug Administration (FDA) issued an approval letter for the Planmed Clarity 2-D full-field digital...
Overweight Women May Need More Frequent Mammograms
News | Mammography | January 04, 2018
Women with higher body mass index (BMI) face an increased risk of not detecting their breast tumor until it has become...
About 25 percent of screening patients and 60 percent of diagnostic patients do not have prior mammograms available for comparison at the time of their examinations due to the lack of interoperability or other restrictions preventing clinicians from accessing prior exams.

About 25 percent of screening patients and 60 percent of diagnostic patients do not have prior mammograms available for comparison at the time of their examinations due to the lack of interoperability or other restrictions preventing clinicians from accessing prior exams.

Feature | Breast Imaging | January 02, 2018 | Kathryn Pearson Peyton, M.D.
Sixty million women undergo regular screening mammography in the United States, but even in the digital age, it is di
Imagio Opto-Acoustic Breast Imaging System Helps Differentiate Tumor Subtypes
News | Oncology Diagnostics | January 02, 2018
Seno Medical Instruments Inc. (Seno Medical) recently reported data from their clinical study demonstrating that its...
Study Finds Link Between Breast Cancer Treatments and Cellular Aging Markers
News | Women's Health | January 02, 2018
January 2, 2018 — A new study found women who had received chemotherapy and/or...
ACR Appropriateness Criteria Adds and Revises Topics for December 2017
News | Clinical Decision Support | December 29, 2017
December 29, 2017 — Radiologists can enhance the quality and effectiveness of care with the newest release of the ACR
Overlay Init