Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Philips buys into economy heart X-ray market with Alpha X-Ray purchase

This article was originally published in Clinica

Executive Summary

Medtech giant Philips is set to purchase Indian cardiovascular firm Alpha X-Ray Technologies for an undisclosed fee. The Dutch group will benefit from Alpha’s presence in the budget segment of the market for cardiovascular X-ray systems. This segment is said to be expanding the quickest, with annual growth rates expected to reach 10-15% in the coming years, said Philips. This deal, anticipated to close in the fourth quarter of 2008, is part of the company’s drive to invest in emerging markets – earlier this year the Amsterdam, the Netherlands-based firm bought Brazilian healthcare manufacturer Dixtal Biomedica e Tecnologia (see Clinica No 1307, p 17) and Chinese patient monitoring company Shenzhen Goldway Industrial (see Clinica No 1302, p 15).

You may also be interested in...



Alere aided by professional diagnostics sales in fourth quarter

Alere’s professional diagnostics business helped the firm record overall revenue growth in the fourth quarter of 2010, offsetting a fall in influenza-based sales in North America.

Integra and Stout to work on expandable interbody device

Integra LifeSciences has gained exclusive worldwide rights from Stout Medical to develop and commercialise an expandable interbody fusion device.

Gen-Probe eyes portfolio expansion to help boost molecular diagnostics credentials

Gen-Probe recently launched its Panther automated molecular diagnostics system in Europe with the aim of bringing another dimension to its product portfolio. Joseph Harvey met the firm’s CEO, Carl Hull, at the launch of the product in Frankfurt to find how high the firm has set its sights in the molecular diagnostics sector and how it is going to achieve its goals

Topics

UsernamePublicRestriction

Register

MT041656

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel