Carestream Health to Sell Its Healthcare IT Business to Philips | Business Wire

Carestream Health has signed an agreement to sell its healthcare information systems business to Royal Philips, a global leader in health technology.

Source: www.businesswire.com

Carestream Health has inked an agreement with Royal Philips (NYSE: PHG) to sell its healthcare information systems (HCIS) business to Philips. Carestream’s HCIS business unit provides imaging IT solutions to multi-site hospitals, radiology services providers, imaging centers and specialty medical clinics around the world. The acquisition will help Philips expand its radiology informatics portfolio. The transaction is expected to close by the second half of 2019.