Lexmark acquires medical information company for $54 million

Logo behind reception desk at Lexmark in Lexington, Ky.,
Logo behind reception desk at Lexmark in Lexington, Ky., Lexington Herald-Leader

Lexmark announced Thursday afternoon that it has bought PACSGEAR, a medical information company, for $54 million.

PACSGEAR will report to the Lexmark stand-alone business unit Perceptive Software.

PACSGEAR works to help health care providers capture, manage and share medical images and related documents and integrate them with existing picture archiving and communication systems and electronic medical records.

Lexmark said in a press release that the acquisition will make Perceptive Software "uniquely positioned to offer a vendor-neutral, standards-based clinical content platform for capturing, managing, accessing and sharing patient imaging information and related documents within healthcare facilities."

PACSGEAR's customers include Kaiser Permanente, Henry Ford Health System, Hospital Corporation of America, Mount Sinai Hospital, Stanford Hospital & Clinics and the University of Chicago Medical Center.

Paul Rooke, Lexmark's chairman and chief executive officer, said that the acquisition of PACSGEAR "further differentiates Lexmark's solutions by better enabling health care organizations to capture and process digital content, and then ensure it is connected with the applications and people that need it most so they can deliver the best patient care possible."

Lexmark has spent heavily in recent years on acquiring software expertise and customers in world markets. In August, the company announced its $72 million purchase of the German company Saperion AG, a developer and provider of enterprise content management and business process management software with customers including the energy company E.ON, Lufthansa, Vodafone, Daimler and Siemens.

In 2012, Lexmark acquired ISYS Search Software, based in Australia; U.S. based-Nolij Corp; and Luxembourg-based Brainware.

In addition to Saperion, so far in 2013 Lexmark has purchased Twistage, a San Franciso-based company with a cloud software platform for managing video, audio and image content; Seattle-based AccessVia, which has software that prints on-demand in stores on printers, multifunction products or handheld devices in the aisle or in production facilities; and Acuo Technologies of Minneapolis, a leader in clinical management software and the medical imaging industry.