Royal Philips announced that it has completed the previously announced acquisition of Carestream Health Inc.’s Healthcare Information Systems (HCIS) business in 26 of the 38 countries in which it operates. Carestream HCIS’s cloud-enabled enterprise imaging platform will expand Philips’ current enterprise diagnostic informatics solutions, including productivity enhancement, imaging data management, and advanced visualization and analysis. The financial terms of the transaction were not disclosed.
Philips expects to complete the acquisition of Carestream’s HCIS business in the remainder of the countries in which it operates over the course of 2019. This business will become part of Philips’ Enterprise Diagnostic Informatics business within the Diagnosis & Treatment reporting segment. Philips’ enterprise imaging solutions securely connect and facilitate the sharing of information among consumers and their care teams across health systems. Philips’ visualization and analysis applications use adaptive intelligence to support clinicians at the point-of-care by providing clinical insights and improving collaboration among clinical care teams.
Carestream HCIS’s cloud-enabled enterprise imaging platform will complement Philips’ products and services with advanced Vendor Neutral Archive, diagnostic and enterprise viewers, interactive multimedia reporting, workflow orchestrator and clinical, operational and business analytics tools. In addition, Carestream’s Healthcare Information Systems business and installed base in Latin America, Europe, and Asia will complement Philips’ leading position in high-end radiology informatics in North America.
Royal Philips is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment, and home care. Royal Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, consumer monitoring, and health informatics, as well as in consumer health and home care.
This was reported by Royal Philips on August 1, 2019.
Contact information: Ben Zwirs, Philips Group Press Office, Royal Philips, Amstelplein 2, 1096 BC Amsterdam, Netherlands, +31-6-1521-3446; Website: www.philips.com