Marconi Medical Systems $1.1 Bil. Divestiture Ends Philips' Shopping Spree
This article was originally published in The Gray Sheet
Executive Summary
Philips Medical Systems' $1.1 bil. purchase of Marconi's Medical Systems unit provides access to an installed base of 1,200 Mx8000 multi-slice computed tomography scanners.
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Divestiture of $600 mil. Healthcare Products Group (HCP) distribution arm to Platinum Equity Holdings will allow Philips to focus on core diagnostic imaging franchises, including multi-slice computed tomography scanners. HCP was acquired as part of Philips' $1.1 bil. Marconi Medical Systems purchase in 2001 but immediately targeted for divestiture (1"The Gray Sheet" July 9, 2001, p. 5). The Platinum deal is expected to close by year-end...
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Divestiture of $600 mil. Healthcare Products Group (HCP) distribution arm to Platinum Equity Holdings will allow Philips to focus on core diagnostic imaging franchises, including multi-slice computed tomography scanners. HCP was acquired as part of Philips' $1.1 bil. Marconi Medical Systems purchase in 2001 but immediately targeted for divestiture (1"The Gray Sheet" July 9, 2001, p. 5). The Platinum deal is expected to close by year-end...
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