Algotec

Medical Imaging Management

Health Tech & Life Sciences
Acquired (Inactive) by Eastman Kodak on Jan 2003 - closed due to acquisition
Acquired Ra'anana Founded 1992
Total raised
Last: Undisclosed 2002-11
Stage
Acquired
Founded
1992
Headcount
190
HQ
Ra'anana
Sector
Health Tech & Life Sciences

About

Algotec provides healthcare facilities with web-enabled solutions for image management, reading, processing, reporting, and distribution. The companys solutions include teleradiology, picture archiving and communications systems, radiology information systems, multi-site image-management systems (SuperPACS), clinical data archiving, and eHealth managed services. Algotec was acquired in 2013 by the Eastman Kodak Companys Health Imaging Group and has been a fully owned subsidiary of Carestream Health since 2007. As of August 2019, Algotec has been a fully owned subsidiary of Philips.

Funding history · 1 round · — total

2002-11
Undisclosed Undisclosed

Company Intelligence Q&A

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When was Algotec founded and what is its primary focus?
Algotec was founded in December 1992 and focuses on providing web-enabled solutions for medical image management to healthcare facilities.
What was Algotec's status as of January 2003?
Algotec became inactive in January 2003 due to its acquisition by Eastman Kodak.
Who acquired Algotec in January 2003 and for what amount?
Eastman Kodak acquired Algotec in January 2003 for $42.5 million.
Which investors participated in Algotec's undisclosed funding round in November 2002?
Star Ventures and JAFCO Co were investors in Algotec's undisclosed funding round in November 2002.
What was Algotec's ownership status in 2007?
Algotec became a fully owned subsidiary of Carestream Health in 2007.
Who acquired Algotec in August 2019?
As of August 2019, Algotec became a fully owned subsidiary of Philips.
What is the employee count for Algotec?
Algotec has 190 employees.
Who is a founder of Algotec?
Menashe Benjamin is a founder of Algotec.

Sectors & technology

Primary sector
Health Tech & Life Sciences
Sub-sectors
Health Tech & Life SciencesDigital HealthcareClinical Workflow
Technologies
Artificial IntelligenceNatural Language ProcessingImage RecognitionMachine LearningPlatforms & InterfacesWeb
Target customers
Healthcare & Life SciencesHealthcareLaboratoriesProviders
Business model
B2B

Tags

radiologycomputer-visiondigital-healthcareimagingmedical-dataartificial-intelligenceclinicscadhealthcare-providershospitalsclinical-workflow