Philips buys into economy heart X-ray market with Alpha X-Ray purchase
This article was originally published in Clinica
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).