Acquisition of leading treatment planning software developer would strengthen Elekta's offering and accelerate the company's expansion into
high growth oncology informatics
STOCKHOLM, Sweden, Jan. 8 /PRNewswire/ -- Elekta AB (publ) (STO: EKTAb) a world leader in clinical solutions for radiation therapy and radiosurgery, today announced that it is in exclusive negotiations based on a Letter of Intent to acquire CMS Inc. for a total cash consideration representing an enterprise value of USD 75 M. CMS is a worldwide leader in the development, sales and support of advanced radiation therapy planning solutions, supporting over 1,500 sites in clinical operation throughout the world. The transaction is subject to successful conclusion of final transaction documentation, satisfactory completion of due diligence, receipt of relevant regulatory approvals and other conditions. The negotiations are expected to be finalized by mid February 2008 and closing is estimated to take place by mid March 2008.
CMS has been a pioneer in the development and delivery of radiation treatment planning (RTP) systems for over 25 years and continues to be a leader in treatment planning and oncology workflow management. Successful completion of the acquisition process would benefit Elekta by adding a suite of advanced RTP systems, a large and growing installed base, and a well- established RTP operational infrastructure to Elekta's current oncology business. CMS's worldwide sales and support infrastructure and large, experienced engineering organization have the potential to accelerate Elekta's ability to develop, implement, and support new, sophisticated radiation planning, delivery, and management solutions worldwide.
CMS is also the market leader in treatment planning for proton therapy
with 8 installations in clinical use. Integrating these solutions with the
MOSAIQ(TM) information management system would reinforce Elekta's
leadership in s
|SOURCE Elekta, Inc.|
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