Agfa HealthCare signs four-year agreement with Chinese partners

Agfa HealthCareAgfa HealthCare, a leading provider of diagnostic imaging and healthcare IT solutions, has signed a new four-year distribution agreement with its Chinese partners, responsible for the sale, distribution, installation and servicing of Agfa HealthCare's solutions in the People's Republic of China.

The contract has an estimated value of around US$500 million and is valid for a period of four years. It covers the installation of Computed Radiography (CR) systems, imagers (printers for medical images) and the associated medical and hardcopy film. These solutions will, over a period of four years, capture and manage over 50,000,000 X-ray images, processed with Agfa HealthCare's Musica Image Processing software, considered to be the standard in the market.

"The Chinese government will invest over 124 billion US dollars in healthcare over the coming three years and will build 5000 new hospitals, primarily in rural regions," states Jo Cornu, CEO of the Agfa-Gevaert group. "Agfa HealthCare will play an instant and important role in this project, firstly through its innovative medical imaging solutions, from its film solutions to its leading digital radiography systems and later on through the introduction of medical image management IT-solutions and its overarching Hospital and Clinical Information Systems (HIS/CIS). Without any doubt, this contract will have a positive impact on the preservation of the employment in Flanders."

About Agfa
The Agfa-Gevaert Group is one of the world's leading imaging and information technology companies. Agfa develops, manufactures and markets analogue and digital systems for the printing industry (Agfa Graphics), the healthcare sector (Agfa HealthCare) and specific industrial applications (Agfa Materials). Agfa's headquarters are in Mortsel, Belgium. The company is present in 40 countries and has agents in another 100 countries throughout the world. The Agfa-Gevaert Group achieved a turnover of 3,032 million Euro in 2008.

About Agfa HealthCare
Agfa HealthCare, a member of the Agfa-Gevaert Group, is a leading provider of IT-enabled clinical workflow and diagnostic image management solutions, and state-of-the-art systems for capturing and processing images in hospitals and healthcare facilities. Agfa HealthCare has over a century of healthcare experience related to diagnostic imaging and has been a pioneer on the healthcare IT market since the early 1990's. The HealthCare division has sales offices and agents in over 100 markets worldwide. Sales for Agfa HealthCare in 2008 were 1,223 million Euro.

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