This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Analogic Plans To Accelerate Expansion Into Point-of-Care Market Upon Completion Of Ultrasonix Acquisition

Stocks in this article: ALOG

PEABODY, Mass., Jan. 29, 2013 (GLOBE NEWSWIRE) -- Analogic Corporation (Nasdaq:ALOG), enabling the world's medical imaging and aviation security technology, confirmed its support for the Ultrasonix product line upon completion of the acquisition of Ultrasonix Medical Corporation, a supplier of advanced ultrasound systems for point-of-care and general imaging applications. Ultrasonix has over 5,000 systems installed worldwide, and would bring key ultrasound products, technology, and sales channels that are complementary to Analogic's ultrasound business.

"Once the acquisition is complete, Ultrasonix will be a significant contributor to Analogic's Ultrasound Group," said Farley Peechatka, senior vice president and general manager, Global Ultrasound Business, Analogic. "With a solid installed base, superb portfolio of ultrasound products, unique GPS technology for needle guidance, and intuitive graphical user interface, Ultrasonix will help accelerate our presence and growth in point-of-care applications in developed countries, and general imaging in emerging markets. We will continue to improve and advance both the Ultrasonix and BK Medical product lines to ensure that existing and new customers get the best products, support, and service that we can offer."

Analogic and Ultrasonix are recognized as two of the world's leading producers of portable, procedure-driven, guided ultrasound technology. Founded in 2000, Ultrasonix has a broad portfolio of both portable and cart-based ultrasound systems with a recognized brand used primarily for point-of-care applications such as emergency medicine, anesthesia, and reproductive medicine, as well as general imaging in emerging markets. Analogic's BK Medical ultrasound solutions are used to improve the practice of medicine in procedure-driven markets—urology, surgery, and anesthesia. BK Medical's products, including its award-winning Flex Focus™ family of systems and unique transducer designs, offer advanced imaging capabilities that enable real-time image guidance in an easy-to-use, portable platform.

"We are eager to bring these comprehensive and complementary product portfolios together for an even stronger suite of advanced ultrasound systems for customers of both companies," said Lars Shaw, vice president of global marketing at Analogic. "In the point-of-care market, we believe our combined Anesthesia product portfolio will be much stronger. We anticipate that Ultrasonix will also complement our existing BK Medical urology and surgery product portfolio for both the hospital and office-based practice. We will continue to support Ultrasonix reproductive medicine customers with innovative technologies. Ultrasonix general imaging products are targeted for fast growing, emerging markets, which should allow us to better address emerging markets with a strong product portfolio."

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs