Sectra acquires medical IT company in the UK


IT and medical technology company Sectra (http://www.sectra.com/) is expanding
through the acquisition of Burnbank Systems Limited, which markets IT services
to the healthcare sector in the UK. The acquisition is part of Sectra’s
programme to expand its medical systems operations in the UK market.
Burnbank has built up a network for the transfer of medical images and reports
between care providers in the UK. More than 290 hospitals, which is essentially
all of the National Health Service, use Burnbank’s Image Exchange Portal
service.

“The delivery of services to the healthcare sector via hosted services is a
supply model that will grow in significance,” says Torbjörn Kronander, President
of Sectra’s Medical Systems business area. “Burnbank has built up a successful
operation with exciting business development potential and the online services
offered by Sectra to the healthcare sector will add further customer benefits.”

The acquisition comprises the three companies Burnbank Systems Limited, Burnbank
Healthsystems Limited and Burnbank Data-connect Limited, with offices in
Ipswich, Suffolk. The company has a total of 25 employees and posted sales of
GBP 2.4 million and an operating margin of 25% for the 2011 fiscal year.
Burnbank will continue to operate under its existing brand as a separate
business unit in Sectra’s Medical Systems business area, providing solutions by
integrating different vendors’ products to deliver best of breed services.

“The transaction presents us with expanded opportunities to guarantee long-term
stability,” says Peter Young, Managing Director and owner of Burnbank. “Our
business development will continue to be based on the premise that hospitals can
avail themselves of our services regardless of which IT systems supplier for
medical images and reports they use.”

The cash purchase consideration amounts to GBP 5 million. The transaction
encompasses an additional purchase consideration of up to GBP 3 million.
Financing of the acquisition will be covered by existing funds.

Sectra assumed control of the operation on June 6 and the business will be
consolidated in the Sectra Group as of June 2012.

The information in this press release is such that Sectra AB (publ) is obligated
to disclose in compliance with the Swedish Securities and Clearing Operations
Act. The information was submitted for publication on June 7, 2012 at 8:30 a.m.
(CET).
For further information, please contact:
Dr. Torbjörn Kronander, President, Sectra Imtec AB, 46 705 23 52 27
Dr. Jan-Olof Brüer, CEO and President, Sectra AB, 46 13 23 52 09
Pictures: http://flickr.com/photos/sectramedicalsystems

Further information about the transaction is available on Sectra’s website:
Questions and answers (http://www.sectra.com/burnbank)


About Sectra
 Sectra develops and sells IT systems and services for radiology, women’s
health, orthopaedics and rheumatology. More than 1,100 hospitals, clinics and
imaging centers worldwide use the systems daily, together performing over 55
million radiology examinations annually. This makes Sectra one of the world
-leading companies within systems for handling digital radiology images. In
Scandinavia, Sectra is the market leader with more than 50% of all film-free
installations. Sectra’s systems have been installed in North America,
Scandinavia and most major countries in Europe and the Far East.

Sectra was founded in 1978 and has its roots in Linköping University in Sweden.
The company’s business operation includes cutting-edge products and services
within the niche segments of medical systems and secure communication systems.
Sectra has offices in 12 countries and operates through partners worldwide.
Sales in the 2011/2012 fiscal year totaled SEK 823 million. The Sectra share is
quoted on the NASDAQ OMX Stockholm AB exchange. For more information, visit
www.sectra.com

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