Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     
  • AIM

    745.67
    +0.38 (+0.05%)
     
  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     
  • Bitcoin GBP

    51,528.28
    +2,415.52 (+4.92%)
     
  • CMC Crypto 200

    1,371.75
    +59.12 (+4.50%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

Philips buys North Irish medical imaging company

* Philips (Amsterdam: PHIA.AS - news) to buy Belfast-based PathXL, no terms disclosed

* Philips enters partnership with Denmark's Visiopharm

* CEO says deals shows company's new healthcare focus

AMSTERDAM, June 21 (Reuters) - Philips, the Dutch medical technology company, said on Tuesday it had purchased PathXL, a Belfast-based digital imaging analysis and software company.

Terms were not disclosed.

Philips CEO Frans van Houten said in a telephone interview that its digital pathology business was "doubling every year" and would pass 10 million euros ($11.3 million) in sales this year.

In digital pathology, tissue samples are scanned and stored in computer files so they can be summoned by doctors for instant, computer-assisted analysis or repeatedly reviewed.

ADVERTISEMENT

"The computer can do a much better job than the human eye, as it is much more systematic in analysing tissues," Van Houten said. "We're acquiring a company that has deep clinical knowledge and technology to analyse cancerous cells."

The PathXL acquisition comes as Philips seeks to complete its decade-long transition from an electronics company to a vendor of cloud-connected medical devices and systems used by both hospitals and consumers.

Last month, it sold a 25 percent stake in Philips Lighting, its last remaining non-health operation, in part to raise money for investments such as the PathXL deal announced Tuesday.

Separately on Tuesday, Philips said it had struck a deal with Visiopharm, under which it would licence the Danish company's breast cancer software analysis for use on Philips' digital pathology platform.

That partnership "will widen the capabilities of our pathology business and make it even more attractive for pathologists to adopt," Van Houten said.

($1 = 0.8837 euros) (Reporting by Toby Sterling; Editing by Mark Potter)