Philips acquires Israeli PACS supplier CDP Medical

2 August 2010

Philips has agreed to acquire the business of CDP Medical Ltd, an Israel-based provider of picture archiving and communication systems (PACS), and a subsidiary of medical device distributor Medtechnica Ltd (TASE: MEDI).

“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 customer 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 doctor and clinician workstations in and outside hospitals, creating more efficient workflow and improved clinical results.

CDP Medical, founded in 2000, is headquartered in Petah Tikva and has 20 employees and close to 300 hospital and clinic installations globally, with growth in the last year 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 follows the recent acquisition of healthcare information system provider Tecso Informatica in Brazil.

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