CompuGroup Medical (CGM), a digital health software company, acquired VISUS Health IT (VISUS), a provider for picture archiving and communication systems (PACS) for hospitals and outpatient facilities.
The financial terms of the acquisition were not disclosed. For 2020, VISUS reported revenues of nearly €18.5 million (~$22.7 million) with an adjusted EBITDA of roughly €2.8 million (~$3.4 million), according to a company statement.
According to VISUS, its customer base consists of more than 1,500 healthcare facilities, with more than 1.6 million professional users, including doctors, dentists, pharmacies, and other health professionals in outpatient and inpatient healthcare facilities.
“We are convinced that with this merger, we will continue the success story of VISUS for our team and our customers in the long term. With CGM, we also have the potential to further expand our existing partner network internationally,” said Klaus Kleber, Co-Founder of VISUS.
VISUS’s products are JiveX Enterprise PACS, a PACS for hospitals and outpatient facilities; JiveX Healthcare Content Management, a solution for displaying and communicating medical data in a structured and location-independent manner; and JiveX Healthcare Connect, focusing on sharing medical data.
“With this acquisition, we will gain an additional, highly attractive business area, which is very important for most of our customers, and we will significantly increase our installed customer base, particularly in the German hospital market,” said Hannes Reichl, Managing Director Inpatient and Social Care at CGM.
“VISUS complements our existing portfolio of products perfectly, and we see a lot of opportunities to integrate these solutions with our successful ambulatory and hospital information systems,” emphasized Dr. Dirk Wössner, CEO of CompuGroup Medical SE & Co. KGaA.
“We are confident that both, existing CGM and VISUS customers, will benefit from this transaction, facilitating the provision of structured medical data at the right place and time and usable by anyone who needs it. VISUS solutions are a key contributor of medical information with the special focus on medical images.”
A total of 63 digital health companies were acquired in Q1 2021, compared to 52 in Q4 2020, according to Mercom’s Q1 2021 Digital Health Funding and M&A Report.