by
Brendon Nafziger, DOTmed News Associate Editor | August 03, 2010
Philips is keen on Latin America.
Dutch med tech giant Philips Healthcare said Monday it bought Israeli PACS provider CDP Medical Ltd., a subsidiary of Medtechnical Ltd.
The 10-year-old software business, located in Petah Tikva, Israel, runs web-enabled PACS and a CD distribution system. It has about 400 installations worldwide, CDP Medical said on its website.
Philips said much of the growth of CDP Medical's business over the last year has been in Latin America, which Philips has been keeping its eye on. In March, Philips completed its purchase of Tecso Informatica Ltda., a Brazilian company that makes software for radiologists and diagnostic laboratories.
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"The acquisition of the CDP business complements our current iSite PACS offering and allows us to better tap into certain high-growth market segments, geographically," Steve Rusckowski, Philips Healthcare's CEO, said in a statement.
Terms of the deal were not disclosed.
