Sectra Announces Acquisition of UK Medical IT Company

Sectra (Linköping, Sweden), a developer of IT systems and services, has acquired Burnbank Systems Limited (Burnbank; Ipswich, Suffolk, UK), which markets IT services to the UK healthcare sector, for €6.18 million, with an additional purchase consideration of up to €3.7 million.

Sectra’s operations include medical and secure communication systems, with a focus on diagnostic imaging solutions. The acquisition follows the company’s strategy to expand its medical systems operations in the UK market, through Burnbank’s Exchange Portal service, a network that allows medical images and reports to be transferred between healthcare providers in the UK.

“The delivery of services to the healthcare sector via hosted services is a supply model that will grow in significance,” said Torbjörn Kronander, president, Medical Systems, Sectra. “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 transaction includes the acquisition of three companies: Burnbank Systems Limited, Burnbank Healthsystems Limited, and Burnbank Data-connect Limited. Burnbank will continue to operate under its existing brand as a separate business unit in Sectra’s Medical Systems business area.

“The transaction presents us with expanded opportunities to guarantee long-term stability,” said Peter Young, managing director and owner, 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.”

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



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Sectra
Burnbank Systems Limited