Philips Medical Systems
This article was originally published in The Gray Sheet
Executive Summary
Divestiture of $600 mil. Healthcare Products Group (HCP) distribution arm to Platinum Equity Holdings will allow Philips to focus on core diagnostic imaging franchises, including multi-slice computed tomography scanners. HCP was acquired as part of Philips' $1.1 bil. Marconi Medical Systems purchase in 2001 but immediately targeted for divestiture (1"The Gray Sheet" July 9, 2001, p. 5). The Platinum deal is expected to close by year-end...