Philips to pick up Carestream Health’s imaging IT biz

Carestream Health said today that it agreed to deal its imaging IT business to Royal Philips (NYSE:PHG) for an undisclosed amount.

“We have had global success in providing radiology and enterprise imaging IT systems to help medical professionals provide quality care and enhance their operations,” Carestream HIS GM Ludovic d’Aprea said in prepared remarks. “By becoming part of Philips, the HCIS business will have a greater opportunity to thrive and grow. Both organizations share a commitment to meaningful innovation which is deeply embedded in each company’s culture. Customers will have access to a broader portfolio of healthcare IT solutions to simplify medical image management, enable effective collaboration and enhance patient care.”

“Philips partners with global healthcare providers to connect people, information and technology with the commitment to deliver on the Quadruple Aim of improved patient experiences, better health outcomes, improved staff experiences, and lower costs of care,” added Philips precision Dx chief Robert Cascella. “This acquisition will enhance our ability to provide flexible solutions to hospitals and health systems. The combination of our successful innovations in imaging system platforms, workflow optimization and artificial intelligence-enabled informatics, combined with Carestream’s cloud-based enterprise imaging informatics platform and complementary geographic footprint will provide a solid foundation to deliver on the promise of precision diagnosis.”

Rochester, N.Y.-based Carestream said it’s keeping its medical imaging, dental & industrial films, non-destructive testing and precision coating businesses.

“These established businesses have solid financial foundations, innovative technology platforms and have earned the trust of loyal customers around the world,” chairman, president & CEO David Westgate said. “Our focus will be on delivering innovation that is life changing – for patients, customers, channel partners, communities and other stakeholders – and we will grow the company for long-term success.”

The deal is expected to close during the second half of the year, Carestream said.