Kodak to Acquire Lumisys for $39 Million

Eastman Kodak

(EK)

plans to acquire

Lumisys

(LUMI)

, a provider of desktop computed radiography systems and x-ray film digitizers, for about $39 million in cash, or $4.05 a share.

Kodak plans to incorporate the Lumisys product line into its Health Imaging Division, strengthening its reach in the digital transformation of medical imaging.

As part of the agreement, Kodak will also acquire

AuntMinnie.com

, a unit of Lumisys that serves as a radiology portal on the Web.

Shares of Lumisys were recently up 88 cents, or 33%, to $2.56 in Nasdaq trading.