The trend of buying into the nascent CVIS (cardiovascular information system)/cardiology PACS market continues with the acquisition of Camtronics by Emageon for $40 million (press release).
Camtronics ended their fiscal year July 31 with $38.1 million in
revenue, and a customer list of 350 hospitals. Camtronics started out
as a radiology PACS component vendor selling to OEMs as well as direct.
With the acquisition of the small Canadian firm VMI Medical in 2002, Camtronics has transformed into a cardiac information technology outfit. More on Analogic's fiscal year end performance here, where it was noted that CVIS revenues were down.
Emageon was founded in the late 1990s by serial entrepreneur Gary York (now founder and CEO of Awarix). Emageon has a successful IPO in February 2005, raising $67.5 million. Offered initially at $13 per share, the stock is presently at $13.08.
Can a radiology PACS vendor with no RIS (radiology information system)
workflow experience succeed with a cardiology product? Time will tell.