Korea’s Vieworks buys U.S. medical imaging distributor Medlink

2018.01.12 13:42:36 | 2018.01.12 13:43:02

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Vieworks Co., South Korean manufacturer of X-ray medical imaging devices and industrial scan camera said Thursday that it acquired Medlink Imaging LLC., a U.S.-based medical imaging equipment, services and supplies distributor to expand its presence in American medical imaging market.

Financial terms of the deal were not disclosed. At 1:33 p.m. Friday, shares of Kosdaq-listed Vieworks gained 0.25 percent to 39,700 won ($37.31).

Founded in 2005, New Jersey-based Medlink Imaging supplies medical imaging products and services in X-ray films, computed radiography (CR) and digital radiography (DR) to medical and veterinary establishments. It has nearly 400 dealers under its distribution network in the U.S.

Vieworks plans to speed up its efforts in bolstering its retrofit business in the U.S. through Medlink Imaging’s country-wide dealer network. Its retrofit business mostly involves digitalizing analog x-ray films. Also, it will put efforts to strengthen its current business in the U.S. as well as seek new opportunities, said a Vieworks official.

Celebrating 20 years in existence this year, Vieworks has steadily expanded its presence in local and global medical imaging and industrial scan camera markets. It registered revenue of 93.4 billion won in 2015 and 117.3 billion won in 2016.

By Lee Jin-han and Cho Jeehyun

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