Olympus Corp. of Americas is buying Image Stream Medical Inc., a healthcare technology company. Financial terms of the deal were not disclosed.

Image Stream Medical develops medical technology used for procedure recording, procedure space integration, medical virtual presence, live streaming, video conferencing, information integration, content editing and medical content management. The target, based in Littleton, Massachusetts, intends to leverage Olympus' global reach and distribution channel, infrastructure support and market share. The buyer hopes the acquisition of Image Stream Medical will enable both companies to improve clinical outcomes and reduce overall medical costs.

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