Deliver Your News to the World

Agfa HealthCare earns 2005 Competitive Strategy Leadership Award from Frost & Sullivan


Award recognizes significant growth in market penetration through successful strategic alliances.

Vienna, Austria, March 3, 2006, Agfa HealthCare has been awarded the 2005 Competitive Strategy Leadership Award from Frost & Sullivan for significant growth in market penetration through successful strategic alliances. The alliances cited by Frost & Sullivan are the recent acquisitions of Symphonie on Line in France, GWI of Germany and the US-based Heartlab.

With the 2005 Award, Frost & Sullivan recognizes Agfa HealthCare’s success in gaining market penetration across key geographic markets, further strengthening its position in the global healthcare IT marketplace. Frost & Sullivan noted that Agfa HealthCare “has exhibited extensive know-how of the challenges in the healthcare IT industry and has leveraged the drivers in this industry to further strengthen its position in the European healthcare IT industry by successful alliances, empowering the company to overtake the competition.”

Beyond market penetration and internationalization, an extended product portfolio allows Agfa HealthCare to gain predominance in specific healthcare markets, confirms Frost & Sullivan, referring to the recent key acquisitions made by the company. According to Frost & Sullivan: “The acquisition of Symphonie on Line added administrative systems to its consortium of products, thus developing a strong base to launch radiology and administrative solutions as a combined Enterprise IT solution in the French market. With the acquisition of GWI AG, market leader in Germany, Agfa HealthCare enforced its position as leader in the European healthcare IT market. These alliances have facilitated Agfa HealthCare’s ability to market a comprehensive healthcare information technology solution to potential clients which will thereby allow hospitals and other healthcare centers to manage patient care in a better manner. Agfa HealthCare offers a wide selection of clinical solutions as well as a complete range of information systems used across the healthcare spectrum. The combination of clinical features with hospital-wide connectivity enables a seamless flow of information.”

Agfa HealthCare has built a very strong position in the $4,288 million USD / 3,449 million euros healthcare information system market through consolidation, concludes Frost & Sullivan.


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.