Philips to Acquire Cath Lab Company

(Melbourne, FL, USA) to increase its offerings in integrated catheterization lab systems. Witt is a large independent supplier of hemodynamic monitoring and clinical reporting systems for catheterization labs.

Philips will acquire Witt Biomedical for approximately U.S.$165 million and is expected to close in the second quarter of 2006. Upon completion of the acquisition, Witt will be integrated into the cardiovascular x-ray business unit within Philips' Medical Systems Division.

This move reflects the current trend of cath labs being integrated with hospital information technology (IT) infrastructure. The companies expect this acquisition to help them provide customers with an integrated range of technologies for the cath lab department, leading to increased sales in cardiovascular x-ray, cardio picture archiving and communications system (PACS), and hemodynamic monitoring and reporting systems.



Related Links:
Philips Medical Systems
Witt Biomedical