Carestream Health Selling Healthcare IT Business to Philips

March 7, 2019
Philips’ healthcare IT business will feature Carestream’s enterprise imaging platform

Carestream Health has signed an agreement with Royal Philips to sell its healthcare information systems (HCIS) business to Philips.

Carestream’s HCIS business unit provides imaging IT solutions to multi-site hospitals, radiology services providers, imaging centers and specialty medical clinics. Netherlands-based Royal Philips is a multinational company with some of its operations located in North America.

A former division of Kodak and headquartered in Rochester, N.Y., Carestream has been part of the Canadian Onex family of companies since 2007. It has more than 6,000 employees.

“This acquisition will enhance our ability to provide flexible solutions to hospitals and health systems,” said Robert Cascella, chief business leader of Precision Diagnosis at Royal Philips, in a prepared statement. “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.”

Carestream will retain its medical imaging, dental and industrial films, non-destructive testing, and precision coating businesses.