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Olea Medical to Join Toshiba Medical Systems Corporation Group

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October 13, 2015 - Olea Medical SA (“Olea”) announced today that Toshiba Medical Systems Corporation (“Toshiba”) and Olea have completed the acquisition of the outstanding shares of Olea, following approval from the French Ministry of Economy.

This acquisition enables Toshiba to accelerate the growth of its MRI business and offer new clinical added value to healthcare providers by leveraging Olea’s cutting-edge software technology for advanced post-processing and image analysis as well as its broad relationships with the world’s key research institutions and customers.

“This partnership means we will benefit from both Toshiba and Olea’s strengths to accelerate innovation and enhance our global presence”, said Toshio Takiguchi, President and CEO of Toshiba Medical Systems Corporation, “Through the integration of both R&D teams we believe we could bring the innovative solutions and products to play an important role in the development of MRI systems.”

Fayçal Djeridane, President and CEO of Olea Medical SA stated: “This is great news for Olea’s customers and our fabulous team, and we are happy and proud to join the Toshiba family. We are convinced this is the right strategy to pursue our commitment to provide a widely accessible, complete package of simple, safe, fast, and accurate tools for full-body image post processing, in order to help doctors improve the diagnosis and follow-up process for patients’ benefit worldwide.”

Toshiba will also be able to provide the multi-modality solutions by integrating Olea’s post-processing software with “Vitrea”, a widely known enterprise and scanner-connected workstation by Vital Images Inc., another subsidiary of Toshiba, to improve collaboration among experts, consolidate and standardize workflows and enhance diagnostic confidence.

About Olea Medical
Olea Medical™ designs and markets innovative medical imaging applications that significantly improve diagnostic processes and treatment evaluation. Created in July 2008, Olea Medical has continuously increased its portfolio of innovative vendor-neutral software applications for MRI and CT imaging post-processing, including emergency settings-dedicated ones. Olea Medical’s competitive solutions allowing to speed-up and enhance diagnosis process are now implemented in major health care centers all over the world, and Olea Medical aims to becoming the leading provider of safe and accurate medical imaging software. More information at www.olea-medical.com.

About Toshiba Medical Systems Corporation
Toshiba Medical Systems Corporation is a leading worldwide provider of medical diagnostic imaging systems and comprehensive medical solutions, such as CT, X-ray and vascular, ultrasound, nuclear medicine, and MRI systems, as well as information systems for medical institutions. Toshiba Medical Systems Corporation has been providing medical products for over 80 years. Toshiba Medical Systems Corporation is a wholly-owned subsidiary of Toshiba. Visit Toshiba Medical Systems Corporation's web site at www.toshibamedicalsystems.com/.

About Toshiba
Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into five strategic business domains: Energy & Infrastructure, Community Solutions, Healthcare Systems & Services, Electronic Devices & Components, and Lifestyles Products & Services. Guided by the principles of The Basic Commitment of the Toshiba Group, "Committed to People, Committed to the Future", Toshiba promotes global operations and is contributing to the realization of a world where generations to come can live better lives.
Founded in Tokyo in 1875, today's Toshiba is at the heart of a global network of over 580 consolidated companies employing over 199,000 people worldwide, with annual sales surpassing 6.6 trillion yen (US$55 billion).
To find out more about Toshiba, visit www.toshiba.co.jp/index.htm.
Olea Medical is a trademark of Olea Medical SA.

Contact information

Press Contact:
Anca Mitulescu, +33(0)442712420
VP Clinical Affairs & Marketing
Olea Medical SA
anca.mitulescu@olea-medical.com

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