Philips continues to expand its clinical informatics portfolio with the acquisition of Wheb Sistemas in Brazil

September 13, 2010

Amsterdam, the Netherlands and Blumenau, Brazil – Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has agreed to acquire Wheb Sistemas, a leading Brazilian provider of clinical information systems. 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. It follows the March 2010 acquisition of Tecso Informatica, one of Brazil’s leading radiology information systems (RIS) firms, and last month’s agreement to acquire the business of CDP Medical Ltd, an Israel-based provider of Picture Archiving and Communication Systems.

 

“The acquisition of Wheb, the third clinical informatics acquisition in recent months, is another important step on our journey to complete our global portfolio 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. “As with the other recent deals in this space, also the acquisition of Wheb helps us to further strengthen our offering especially geared towards facilitating high-growth markets such as Latin America.”

 

 

Founded in 1999, Wheb, headquartered in Blumenau, has approximately 190 employees and installations in more than 230 hospitals. Clinical informatics systems integrate information among various hospital departments (e.g., radiology, cardiology), and they serve 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. Wheb will become part of Philips Healthcare’s Patient Care and Clinical Informatics business.

 

The acquisitions of both Tecso and Wheb make Philips one of Brazil’s leading clinical informatics companies. Along with our well-established clinical informatics expertise and broad healthcare portfolio, this enables Philips to specifically bring advanced clinical decision support to the Brazilian market. Philips has already expanded its healthcare business in this market in recent years with the acquisitions of Dixtal Biomédica e Tecnologia, a leading Brazilian manufacturer of in-hospital patient monitoring, in 2008 and VMI-Sistemas Medicos, a Brazilian imaging diagnostic company, in 2007.

For more information, please contact:

Shai Dewan
Philips Corporate Communications
Tel: +31 20 59 77199
Email: shai.dewan@philips.com

 

Fabiano Lima
Philips Brazil Corporate Communications
Tel: +55 11 212 50245
Email: fabiano.lima@philips.com

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About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs more than 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter..

Forward-looking statements

This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

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