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Philips Persists With M&A Strategy; Snaps Up Ultrasound Dx Biz

 
• By Catherine Longworth

Philips is strengthening its hand in cardiac ultrasound with the addition of German ultrasound firm TomTec Imaging Systems, its seventh acquisition of the year. Financial terms of the deal were not disclosed.

Philips Healthcare is persisting with its aggressive M&A strategy, having notched up its seventh acquisition in as many months by picking up German clinical applications and imaging software firm TomTec Imaging Systems Inc. (TOMTEC) for an undisclosed sum.

The Munich-based company provides specialist image analysis software for diagnostic ultrasound and clinical analysis applications in cardiology, radiology and obstetrics...

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