Royal Philips Electronics (NYSE:PHG), already one of the world’s largest medical imaging equipment makers, expanded its footprint in the picture archiving and communication systems space by paying an undisclosed amount for Israel’s CDP Medical Ltd.
CDP, a subsidiary of Medtechnica Ltd. (TASE:MEDI), makes PACS technology that Philips plans to use to augment its own iSite PACS offering, according to Philips Healthcare CEO Steve Rusckowski.
"This is an important step on our journey to complete our range of clinical informatics and patient care solutions," Rusckowski said in prepared remarks.
The software stores medical images and allows access to them from remote locations within and outside the clinical setting, according to a press release.
CDP, founded in 2000, is based in Petah Tikva, Israel and employs about 20 workers. Its technology is used in about 300 sites globally, according to the release, "with growth in the last year particularly coming from the Latin America region."
Philips Healthcare said it plans to fold the operation into its patient care and clinical informatics division.