Lexmark acquires medical imaging company Claron

Claron will report to Lexmark's Perceptive Software, which hopes to buffer its medical offerings

Tags: Claron Technology Inc. (www.clarontech.com/)Lexmark International IncorporationMergers and acquisitions
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Lexmark acquires medical imaging company Claron Claron's solutions provide physicians and specialists with easy access to patient imaging studies regardless of location
By  Tom Paye Published  January 12, 2015

Lexmark today announced that it has acquired medical imaging company Claron Technology for around $37m in cash.

Claron's medical image viewing platform offers web-based access to patient imaging studies from PACS (picture archiving and communication systems) or VNAs (vendor-neutral archives). This means that physicians and specialists can be given easy access to patient imaging studies regardless of location.

Lexmark is most interested in Claron's universal web-based, zero-footprint viewer, which enables diagnostic interpretation of medical images and related digital information on a variety of devices. It requires no software downloads, and delivers a medical view comparable to other PACS solutions, Lexmark said.

"Digital content in all forms continues to exponentially grow, particularly in healthcare. Physicians, other providers and the health information exchanges must be equipped to utilise this content more quickly and collaborate more efficiently to better serve patients," said Paul Rooke, Lexmark's chairman and CEO.

"The acquisition of Claron further differentiates Lexmark by providing solutions to help physicians and providers view images across devices and the enterprise, enabling better collaboration and patient care."

Claron will report into Lexmark's Perceptive Software, which with this acquisition, will be able to expand its offering to healthcare providers. Lexmark said that the combination of Perceptive Software's content and process management platform and the universal viewer will enable it to offer solutions with vendor neutrality that help eliminate silos. The vendor hopes that the result will be improved access to content and better patient care.

"The acquisition of Claron and its medical image viewing, distribution, sharing and collaboration technology further strengthens Perceptive Software's medical content management offering and demonstrates our commitment to helping healthcare providers fully leverage their technology resources to improve patient care," said Scott Coons, Perceptive Software president and CEO, and Lexmark vice president.

The acquisition of Claron is part of Lexmark's capital allocation framework, an acquisition strategy designed to provide the vendor with greater software chops. Another aim of the strategy is to provide 50% of free cash flow to shareholders, on average, through quarterly dividends and share repurchases.

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