News | August 02, 2010

Purchase of Israeli PACS Provider, Expands Philips IT Portfolio

August 2, 2010 - Philips Electronics will acquire CDP Medical Ltd, an Israel-based picture archiving and communications systems (PACS) provider to expand Philips Healthcare's clinical informatics portfolio.

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. PACS serves an increasingly crucial role in today’s 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, 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.

For more information: www.philips.com

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