Philips grows clinical informatics portfolio with Israeli buy
This article was originally published in Clinica
Philips is to boost its range of picture archiving and communication systems (PACS) by acquiring Israeli firm CDP Medical. Philips is to purchase the firm from its parent company, medical device distributor Medtechnica, for an undisclosed fee. The deal will see Petah Tikva-based CDP become part of Philips Healthcare’s patient care and clinical informatics business. CDP was founded in 2000 and has technology installed in 300 hospitals globally, with growth coming particularly in the Latin America region last year. Philips said the deal was complementary to its own iSite PACS technology. Earlier this year, Philips strengthened its clinical informatics business by purchasing Brazilian healthcare information system provider Tecso Informatica. The CDP acquisition comes less than a week after Philips delved into the M&A market to secure the services of Shanghai Apex Electronics Technology, a Chinese manufacturer of ultrasound transducers (www.clinica.co.uk, 28 July 2010).
You may also be interested in...
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 LifeSciences has gained exclusive worldwide rights from Stout Medical to develop and commercialise an expandable interbody fusion device.
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