Telemis executes management buy-out

Telemis, a medical imaging company specialising in PACS (picture archiving and communication system), has completed a management buy-out from Nivelinvest, Sopartec and several private investors. The investors reportedly realised a significant financial return on their 14-year investment.

Telemis was created in 1999 as a start-up from advanced university research. It is an international high-tech medical company based in Louvain-la-Neuve, Belgium, with offices in Paris and Toulouse in France; Turin, Italy; and Luxembourg. Telemis' product line aims to assist hospitals, clinics and private practices to manage digital medical imaging and to eliminate the need for X-ray film, thereby reducing costs and increasing the quality of the care provided.

As part of the new structure, Stephane Ketelaer will retain his role as CEO for Telemis and his focus for the company will be to drive forward plans for geographic expansion and the company's investment in R&D. The management team will include the original investors and founders, Patrice Roulive, C, and Bruno Piscaglia, CTO, as well as investors Pierre Mottet and Georges Walckiers.

This article is tagged to:
Sector: Medical Devices
Geography: Belgium

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