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Kodak to buy medical-imaging firm

Eastman Kodak Co. today agreed to acquire Lumisys Inc., a provider of desktop computer-based radiography systems and X-ray film digitizers.
Kodak will pay $39 million in cash for the outstanding shares of the publicly traded Lumisys. As part of the deal, Kodak also will acquire the company’s subsidiary, AuntMinnie.com, a popular radiology portal on the Web.
“It immediately expands our portfolio of digital capture products to include desktop computer radiography systems,” said Michael McQuade, president of Health Imaging and a senior vice president of Kodak. “(It) adds an impressive line of high-quality film digitizers for those customers wanting to migrate film images to their digital imaging system.”
Lumisys will become a subsidiary of Kodak. The deal is subject to regulatory approval and approval by Lumisys stockholders.
The Sunnyvale, Calif.-based firm had revenues of more than $19 million in 1999.

Kodak to buy medical-imaging firm

Eastman Kodak Co. today agreed to acquire Lumisys Inc., a provider of desktop computer-based radiography systems and X-ray film digitizers. Kodak will pay $39 million in cash for the outstanding shares of the publicly traded Lumisys. As part of the deal, Kodak also will acquire the company’s subsidiary, AuntMinnie.com, a popular radiology portal on the Web.

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