Olympus Eyes Image Stream Medical Inc.

OLYMPUS-CORP.-TO-PAY-$646M-FOR-KICKBACK-SCHEME

Olympus Corporation of the Americas (OCA) has signed a definitive agreement to acquire Image Stream Medical Inc. This acquisition will further enable both companies to improve clinical outcomes, reduce overall costs and enhance quality of life for patients.

Image Stream Medical’s technology and know-how has made sophisticated visualization and health care environment integration for their customers simple and intuitive. Image Stream Medical’s unique expertise includes a deep knowledge of IP-based image management solutions, the ability to offer superior end-to-end workflow for every clinical specialty, an approach to IT backbone technology which unifies separate clinical areas allowing complete enterprise-wide access to critical data and media, and the proven experience leveraging Information and Communications Technology (ICT) to provide new, value-added services for health care facilities.

“We are very happy to welcome Image Stream Medical to the Olympus family,” said Nacho Abia, OCA President and CEO. “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. This relationship provides us with an exciting opportunity to enhance the continuum of care throughout the health care enterprise. We believe the acquisition of Image Stream Medical will accelerate our progress in achieving the universal goals of health care reform and furthers our ability to achieve our mission of contributing to society by making people’s lives healthier, safer and more fulfilling around the world.”

The acquisition will initially benefit the business and customers in the U.S. and it will help Olympus to subsequently create a systems integration platform. Olympus and Image Stream Medical customers will experience no immediate changes in resources, services or contacts. Over time, customers will have the opportunity to enhance their systems integration implementation based on an expanded and enhanced portfolio and expertise. Image Stream Medical will continue to operate as a wholly owned subsidiary under the existing name for the foreseeable future.