Kodak concludes Lumisys acquisition

January 17, 2001

The purchase of Lumisys by Eastman Kodak went through in late December. The deal provides Kodak with a new line of desktop computed radiography systems and x-ray film digitizers, as well as radiology portal AuntMinnie.com. Kodak acquired the capital

The purchase of Lumisys by Eastman Kodak went through in late December. The deal provides Kodak with a new line of desktop computed radiography systems and x-ray film digitizers, as well as radiology portal AuntMinnie.com. Kodak acquired the capital stock of Lumisys for a cash exchange of $4.05 per share, totaling about $39 million.

With the closing of the deal, Lumisys becomes a Kodak subsidiary. AuntMinnie.com remains a subsidiary of Lumisys. The Web portal, according to Kodak, will operate as an independent unit. Lumisys adds its desktop unit ACR-2000 system to Kodak's existing CR portfolio, namely the Kodak DirectView CR 800 System for distributed image processing, and Kodak DirectView CR 900 System for centralized image processing. The Lumiscan Film Digitizer offers an alternative to Kodak customers as they transition to digital imaging.