Agfa-Gevaert Acquires Hospital Document Management System Provider HYDMedia GmbH
by Barbara Kram, Editor | February 06, 2007
Mortsel, Belgium -- Agfa-Gevaert has acquired HYDMedia GmbH, a Document Management System provider to hospitals and healthcare centers. HYDMedia GmbH, originally founded by Heydt-Verlags GmbH in Rottenburg (Germany), employs around 20 specialists and delivers vendor neutral document management solutions to the German speaking healthcare market under the brand name HYDMedia™. In 2006 HYDMedia GmbH reported sales of 2.3 million Euro.
The Document Management System market in Germany is experiencing strong growth, with an estimated 400 hospitals actively using the solution 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, with a growth rate of more than 20% in 2007.
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™ offering, or as a stand-alone solution.
HYDMedia's Document Management Systems enable the archiving of medical information such as diagnoses, radiology results, microfilms and clinical and administrative documentation. This specialist solution has been developed to support and enhance hospital information management on all levels, including Hospital, Clinical and Laboratory Information Systems (HIS/CIS/LIS) as well as patient, administrative and financial information.
"Vendor-neutral solutions for reliable and efficient archiving are increasingly becoming a requirement for hospitals and clinics," states Andrea Fiumicelli, Executive Vice-President HealthCare IT at Agfa HealthCare. "Agfa HealthCare is recognized for its expertise in vendor neutral integration and the acquisition of HYDMedia's solutions fit perfectly with this strategy. HYDMedia's Document Management System will strengthen our comprehensive portfolio of healthcare IT solutions, to the benefit of our customers and their patients."
The Document Management System market in Germany is experiencing strong growth, with an estimated 400 hospitals actively using the solution 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, with a growth rate of more than 20% in 2007.
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™ offering, or as a stand-alone solution.
HYDMedia's Document Management Systems enable the archiving of medical information such as diagnoses, radiology results, microfilms and clinical and administrative documentation. This specialist solution has been developed to support and enhance hospital information management on all levels, including Hospital, Clinical and Laboratory Information Systems (HIS/CIS/LIS) as well as patient, administrative and financial information.
"Vendor-neutral solutions for reliable and efficient archiving are increasingly becoming a requirement for hospitals and clinics," states Andrea Fiumicelli, Executive Vice-President HealthCare IT at Agfa HealthCare. "Agfa HealthCare is recognized for its expertise in vendor neutral integration and the acquisition of HYDMedia's solutions fit perfectly with this strategy. HYDMedia's Document Management System will strengthen our comprehensive portfolio of healthcare IT solutions, to the benefit of our customers and their patients."
