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Philips Increases Bet On Imaged-Guided Therapy With Volcano Buy

The imaging giant's $1.2 billion acquisition of intravascular assessment specialist Volcano deepens Philips' play in hospital cath labs and, Philips' CEO says in an interview, provides a combination of technology and know-how to create new catheter-based therapies for high-growth disease markets.

The advanced intravascular imaging space is about to get a major new entrant with Royal Philips Electronics NV's $1.2 billion planned acquisition of struggling Volcano Corp. In addition, the imaging giant says it plans to take Volcano's catheter technologies into new therapeutic directions.

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