Carestream sells health IT business to Philips

March 07, 2019
by Gus Iversen, Editor in Chief
In a just-announced deal, Philips is adding Carestream's cloud-based enterprise imaging platform – including diagnostic and enterprise viewers, multimedia reporting, workflow orchestrator and clinical, operational and business analytics tools – to its portfolio.

Carestream's Healthcare Information Systems business and its approximately 900 employees will become part of Philips’ Healthcare Informatics business within the Diagnosis & Treatment segment.

“This acquisition will enhance our ability to provide flexible solutions to hospitals and health systems," said Robert Cascella, chief business leader precision diagnosis at Philips, in a statement. "The combination of our successful innovations in imaging system platforms, workflow optimization and artificial intelligence-enabled informatics, combined with Carestream’s cloud-based enterprise imaging informatics platform and complementary geographic footprint will provide a solid foundation to deliver on the promise of precision diagnosis.”

Carestream will retain its medical imaging, dental and industrial films, non-destructive testing, and precision coating businesses.

“We have had global success in providing radiology and enterprise imaging IT systems to help medical professionals provide quality care and enhance their operations,” said Ludovic d’Aprea, Carestream’s general manager for healthcare information solutions in a statement. “By becoming part of Philips, the HCIS business will have a greater opportunity to thrive and grow."

Financial details of the arrangement were not disclosed.