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Spectranetics Gives Philips Adjacent Territory In Image-Guided Therapy

 
• By Ashley Yeo

The plum in the middle of Philips' intense period of M&A this summer was the €1.9 billion purchase of Spectranetics, which, combined with Philips Volcano, should create a $1 billion+ devices business within the image-guided therapy group by 2020. IGT senior vice president and general manager Bert van Meurs explains the rationale behind the deal, and what's next for Philips.

Frans van Houten was taking a peek into the future two and a half years ago when Philips Healthcare brought Volcano Corp. into the fold. "An important milestone in our strategy to become the leading systems integrator in the fast-growing image-guided minimally invasive surgery market," is how the group CEO described the deal that was completed in February 2015.

In June 2017, he took another step toward that aim in agreeing to buy US vascular interventions and cardiac solutions...

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