NovaRad has installed its NovaRIS and NovaPACS technology at Park Avenue Radiologists, a New York City-based imaging center.

The European RIS/PACS market was valued at $679.4 million in 2009, and is estimated to reach $1.35 billion in 2016 as hospitals move toward RIS installations from prominent vendors and away from homegrown, legacy systems, according to a report from market research firm Frost & Sullivan.

Roche has signed an agreement under which Ventana Medical Systems, a member of the Roche Group, will acquire 100 percent of BioImagene, a digital pathology company based in Sunnyvale, Calif., for a purchase price of approximately $100 million on a debt-free basis.

A radiologist pay-for-performance program expedited final report turn-around times, according to a study published in the September edition of American Journal of Roentgenology. 

Royal Philips Electronics has acquired Burton Medical Products, a provider of specialized lighting solutions for healthcare facilities, from the Norwegian industrial group Glamox ASA.

Acuo Technologies added two sales executives to its team.

Medical technology companies Medtronic and Osteotech have entered into a definitive agreement for Medtronic to acquire Osteotech for $6.50 per share in cash for each share of Osteotech common stock. The total value of the transaction is expected to be approximately $123 million.

Medco Health Solutions has signed a definitive agreement to acquire United BioSource in an all-cash transaction valued at approximately $730 million.