Philips Healthcare Acquires Israeli PACS company

Philips Healthcare (Best, the Netherlands) announced that it has agreed to acquire the business of CDP Medical, Ltd. (Petah Tikva, Israel), a provider of picture archiving and communication systems (PACS), and a subsidiary of medical device distributor Medtechnica, Ltd. (Petach Tikva, Israel).

This acquisition marks the next step in the execution of Philips Healthcare's strategy to expand its clinical informatics product range with solutions that increase its ability to meet the diverse and growing needs of the different markets worldwide. "This is an important step on our journey to complete our range of clinical informatics and patient care solutions that simplify clinician workflow, improve financial outcomes for our customers, and help improve and save lives,” said Steve Rusckowski, CEO for Philips Healthcare. "The acquisition of the CDP business complements our current iSite PACS offering and allows us to better tap into certain high-growth market segments, geographically.”

PACS enable medical images to be stored electronically and viewed on physician and clinician workstations in and outside hospitals, creating more efficient workflow and improved clinical results. PACS serves an increasingly crucial role in current healthcare environment as the need to streamline workflow and manage costs, all while providing high-quality care, is universally top of mind for governments, insurers, hospital administrators, and medical teams.

The acquired CDP business, founded in 2000, has close to 300 hospital and clinic installations globally, with growth in 2009, particularly coming from the Latin America region. Following the closing of the deal, expected in the coming months pending governmental approval, the business will become part of Philips Healthcare's patient care and clinical informatics business. It demonstrates Philips' continuing efforts to expand its offering in clinical informatics, and follows the recent acquisition of healthcare information system provider Tecso Informatica in Brazil.

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