Royal Philips
(NYSE:PHG) said today that it has completed its acquisition of Carestream Health’s imaging IT business in 26 of the 38 countries in which it operates.
Philips said the purchase will expand its enterprise diagnostic informatics solutions, including productivity enhancement, imaging data management, and advanced visualization and analysis. The company expects to complete the acquisition in the remaining 12 countries this year, folding the business into Philips’ enterprise diagnostic informatics operations. The purchase price was not disclosed.
“With the acquisition of Carestream’s Healthcare Information Systems business, we are reinforcing our commitment to provide industry-leading medical imaging and healthcare IT solutions,” said Calum Cunningham, business leader of Philips’ enterprise diagnostic informatics in a news release. “Together, we will be able to deliver enhanced informatics know-how and strong technology capabilities and enhance our ability to provide flexible solutions to hospitals and health systems, while building upon a complementary geographic footprint.”
Rochester, N.Y.-based Carestream said in March that it’s keeping its medical imaging, dental & industrial films, non-destructive testing and precision coating businesses. Nearly 1,000 Carestream healthcare IT employees will be transferred to Philips when the deal closes, Carestream said on its website.
“Carestream Health will continue to focus on growing its market leadership in medical imaging systems and X-ray equipment; medical and dental films; non-destructive testing films and industrial imaging systems; and precision coating services, all of which are not impacted by the sale,” the company added. “These highly successful global businesses will continue to operate as Carestream with the Carestream brand.”
