Koninklijke Philips N.V.
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Publicatie datum
08 mrt 2006 - 13:00
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips to acquire cardiology healthcare company Witt Biomedical Corporation
Bericht
8 March 2006
PHILIPS TO ACQUIRE CARDIOLOGY HEALTHCARE COMPANY
WITT BIOMEDICAL CORPORATION
· Move to position Philips as leader in growing market for integrated Cath Lab solutions
Amsterdam, The Netherlands and Melbourne, Florida – Royal Philips Electronics (NYSE:PHG, AEX:PHI) and Witt Biomedical Corporation today announced Philips will acquire Witt Biomedical Corporation, the largest independent supplier of hemodynamic monitoring and clinical reporting systems used in cardiology catheterization laboratories (Cath Labs). Subject to receipt of regulatory approval, Philips will acquire Witt Biomedical for approximately USD 165 million. The transaction is expected to close in the second quarter of 2006.
In hospital Cath Labs, heart patients undergo a catheterization procedure, in which a small tube or catheter is inserted in an artery in the arm or leg to reach the heart for diagnosis and treatment. With the growing digitization of hospitals, cardiologists are increasingly demanding that Cath Labs be fully integrated into a hospital’s IT infrastructure. Hemodynamic monitors measure and monitor a patient's ECG (electrocardiogram), blood pressure and other vital signs associated with a Cath Lab procedure. Clinical reporting systems record and document the entire Cath Lab procedure.
Through this acquisition, both companies expect to benefit from being able to offer customers an integrated suite of best-in-class technologies for the Cath Lab department, leading to increased sales in cardiovascular x-ray, cardiology picture archiving and communication systems (PACS), and in hemodynamic monitoring and reporting systems. Based on company estimates, Philips in 2005 held the number one global position in cardiovascular x-ray and in cardiology PACS. In hemodynamic monitoring and clinical reporting systems, Witt Biomedical was the largest independent supplier in the United States in 2005, and was the number 2 supplier in the global market.
According to Witt Biomedical, the
Datum laatste update: 11 januari 2026