S&C Advises Royal Philips in Acquisition That Expands Its Radiology Informatics PortfolioMarch 19, 2019
Royal Philips, a global leader in health technology, announced March 7 its planned acquisition of the healthcare information systems business of Carestream Health, Inc. This acquisition expands Philips' radiology informatics portfolio and enhances its ability to deliver industry-leading medical imaging and healthcare IT solutions to hospitals and health systems. The transaction is expected to close in the second half of 2019.
The S&C team was led by M&A partners Rita-Anne O'Neill and Matthew Hurd, and included Regina Readling (Executive Compensation), Nader Mousavi (IP), Eric Wang (Tax), Theodore Edelman (Regulatory), Renata Hesse (Antitrust) and Michael Rosenthal (Global Competition).
Carestream's cloud-based enterprise imaging platform adds to Philips' current radiology informatics offerings and its operations in Latin America, Europe and Asia complement Philips' market leadership in high-end medical imaging in North America.