SYDNEY July 10 Asia Pulse - Australian e-health company Health Communication Network Ltd (ASX:HCN) has taken a controlling interest in radiology and ASP software specialist AmokkaJava.
The move is HCN's first entry into the lucrative radiology market after acquiring several companies in the practice management, clinical software and health publishing domains of the e-health market over the past few months.
Under this latest deal, the two companies will rollout AmokkaJava's iRIS software (Internet Radiology Information System) - the first integrated software suite for radiologists.
The financial terms of the deal were not disclosed.
"We are very confident (that this latest move) is going to make inroads into the radiology market," HCN's Director of Strategic Development and Technology Mark Leaning told AAP.
"... HCN's position in the e-health market and financial stability is going to help the product get going.
"It also represents yet another step for us in terms of entering into the radiology market but it is also synergistic with our other acquisitions."
HCN has made a swag of acquisitions since listing on December last year, including local practice management firm, Practice Innovators Australia Ltd, clinical software company Mediboss Ltd and UK e-health publishing firm, Optology Ltd.
Mr Leaning said that the company would roll-out the iRIS product to radiologists and then medical practitioners nationally before looking to the Asia-Pacific region in the medium term.
The iRIS product offers radiologists a fully integrated software solutions package including the facility to electronically transfer reports, more accurate and timely patient information, reporting billing and imaging, he said.
"HCN is already starting to explore regional opportunities for its products and (the market) is looking pretty good at the moment," he said.
"We see the Asian market as really just starting to move into the e-health arena."
HCN added that AmokkaJava is already in advanced negotiations with several leading radiology groups and is forecasting revenue of up to $A4 million ($US2.36 million) in the first 12 months.
Mr Leaning said HCN also hoped the deal would add to its bottom line in the first financial year.
"But our first goal is bringing on customers and a successful first implementation of the product, he said.
HCN posted a net loss of $2.495 million for the six months to December 31 1999, on sales of $5.64 million.
HCN shares closed up two cents to $1.42 Monday.
ASIA PULSE t
No comments:
Post a Comment