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Maybe competition is good for what 'ails' hospitals Mergers may be good for business, but what about patients?

Frost & Sullivan outline 10 growth factors for precision imaging market Market predicted to be more than $8 billion by 2027

RadNet buys Kern Radiology The Bakersfield, California imaging group includes four offices

More of GE healthcare unit could be on block: CEO CEO Culp speaks in post-earnings call after company exceeds Q4 expectations

Philips, Lunit, Vuno in healthcare AI deal Forging partnerships to advance AI applications

Trade war forcing Philips to move production between US, China CEO van Houten addresses company growth in earnings call

Aetna, Anthem, Health Care Service, PNC Bank and IBM collaborate on healthcare blockchain 'ecosystem' Increasing industry transparency

Clinical wearables – remaining competitive in an evolving market Insights from Ravi Kuppuraj, Business Leader of Connected Sensing Venture for Philips

Mass General plans $1 billion new building Adding a 12-story building with 450 single-bed rooms

iSchemaView, NeuroLogica partner for stroke care Bringing the RAPID platform to the portable CereTom CT

Top five acquisitions of 2018

by John R. Fischer , Staff Reporter
Mergers and acquisitions continue to reshape the healthcare industry, as the trend toward consolidation shows no signs of slowing down.

Here are five of the biggest acquisition stories of the year, according to our readers.

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Philips to sell Dunlee facility to new CT tube company

Starting off 2018 anew, Royal Philips made the decision in February to sell off its Dunlee CT tube facility in Aurora, Illinois to Chronos Imaging.

Chronos agreed to continue to supply Philips with CT tubes as part of a long-term agreement, while developing new ones for both the OEM and replacement CT tube markets.

"We are proud to support Philips and the very talented and experienced team in Aurora, Illinois for the ongoing production of CT tubes," Robert Piconi, Chairman of The Chronos Group, said in a statement at the time. "Additionally, we are excited to develop new innovative solutions to address critical needs in the CT tube market, to help reduce the cost of healthcare services to the public and private sector."

Philips acquires AGITO Medical to ramp up multi-vendor service capabilities

Despite selling the Dunlee facility, Philips did make a gain in the form of AGITO Medical.

The Danish-based provider of third party services and refurbished imaging solutions joined the Philips family around the same time as the Chronos deal, bringing its 70+ employees and facilities in Denmark, France, Germany, Spain and the Netherlands on board as part of a plan to ramp up the Dutch giant’s multi-vendor service offerings.

"AGITO Medical will further strengthen Philips' Diagnostic Imaging business in the area of multi-vendor services," a Philips spokesperson told HCB News at the time.

Merry X-Ray acquires 'missing piece' Nationwide Imaging

Referring to the deal as the “missing piece” of a “puzzle,” Merry X-ray president Ted Sloan welcomed in April the addition of Nationwide Imaging Services.

Merry X-Ray acquired Nationwide Imaging
this past April, building up its refurbishment
and sales services

Following a string of previous sales to MXR in 2017, the purchase of Nationwide Imaging Services expanded the refurbishment and sales services of the Pennsylvania-based enterprise into the international arena, as well as supplying it with ISO 13485:2016 certification.
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