Heartlab has done well in North America and established a presence in Japan, Petrocelli said, but to compete in Europe and other parts of Asia, it needed to be part of a larger company.

It was named one of America's fastest-growing private companies for four straight years by Inc. magazine.

...the job growth that Heartlab had been planning will continue under Agfa. Heartlab now employs more than 160 people, with about 60 percent based in Westerly...