Kodak beefs up radiology presence with acquisition

FRAMINGHAM (11/20/2003) - Eastman Kodak Co. beefed up its presence in the digital radiology arena by announcing it would buy Algotec Systems for US$42.5 million. Privately-held Algotec is a developer of picture archiving and communications systems, and Kodak said it planned to use its new purchase as a "center of excellence" in creating PACS innovations.

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