Royal Philips’ Acquisition of Carestream Health healthcare information systems


Arnold & Porter advised Carestream Health (Carestream) in the sale of its healthcare information systems (HCIS) business to Royal Philips, a global leader in health technology.

Carestream Health has signed an agreement with Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, 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 business has developed strong customer relationships in attractive, high-growth healthcare segments and is positioned for continued growth and success.

As a result of this acquisition, Philips’ expanded healthcare IT business will feature Carestream’s enterprise imaging platform—including best in class VNA, diagnostic and enterprise viewers, multimedia reporting, workflow orchestrator and clinical, operational and business analytics tools—as part of its broad portfolio.

Following receipt of all regulatory and applicable government approvals, input from works councils and unions, and meeting all pre-conditions, the two companies will work towards closing the sale in the second half of this year and will continue to operate independently until closing.

The Arnold & Porter team included Joel Greenberg (Picture), Derek Stoldt, Aaron Gardner, Eric Levine, Jennifer McLellan, Megan Melbourne, Jeffrey London, Henry Clinton-Davis, Laurie Abramowitz, Sarah Soloveichik, Pete Levitas, Katherine Clemons, Peter Danias, Axel Gutermuth, and Abeba Habtemariam.

Involved fees earner: Laurie Abramowitz – Arnold & Porter Kaye Scholer LLP; Katherine Clemons – Arnold & Porter Kaye Scholer LLP; Henry Clinton-Davis – Arnold & Porter Kaye Scholer LLP; Peter Danias – Arnold & Porter Kaye Scholer LLP; Aaron Gardner – Arnold & Porter Kaye Scholer LLP; Joel Greenberg – Arnold & Porter Kaye Scholer LLP; Axel Gutermuth – Arnold & Porter Kaye Scholer LLP; Abeba Habtemariam – Arnold & Porter Kaye Scholer LLP; Eric Levine – Arnold & Porter Kaye Scholer LLP; Peter Levitas – Arnold & Porter Kaye Scholer LLP; Jeffrey London – Arnold & Porter Kaye Scholer LLP; Jennifer McLellan – Arnold & Porter Kaye Scholer LLP; Megan Melbourne – Arnold & Porter Kaye Scholer LLP; Sarah Soloveichik – Arnold & Porter Kaye Scholer LLP; Derek Stoldt – Arnold & Porter Kaye Scholer LLP;

Law Firms: Arnold & Porter Kaye Scholer LLP;

Clients: Carestream Health Inc.;