Amsterdam, The Netherlands - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today 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.
Philips expects to complete the acquisition of Carestream’s HCIS business in the remainder of the countries in which it operates in the course of 2019. This business will become part of Philips’ Enterprise Diagnostic Informatics business within the Diagnosis & Treatment reporting segment.
“With the acquisition of Carestream’s Healthcare Information Systems business, we are reinforcing our commitment to provide industry-leading medical imaging and healthcare IT solutions,” said Calum Cunningham, Business Leader Enterprise Diagnostic Informatics at Philips. “Together, we will be able to deliver enhanced informatics know-how and strong technology capabilities and enhance our ability to provide flexible solutions to hospitals and health systems, while building upon a complementary geographic footprint.”