Philips acquires CDP Medical

Aug. 2, 2010

Amsterdam, the Netherlands and Petah Tikva, Israel – Royal Philips Electronics announced today that it has agreed to acquire the business of CDP Medical, an Israel-based provider of picture archiving and communication systems (PACS), and a subsidiary of medical device distributor Medtechnica. This acquisition marks the next step in the execution of Philips Healthcare’s strategy to expand its clinical informatics portfolio with solutions that increase its ability to meet the diverse and growing needs of the different markets around the world. 

The acquired CDP business, 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 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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