Frans van Houten was taking a peek into the future two and a half years ago when Philips Healthcare brought Volcano Corp. into the fold. "An important milestone in our strategy to become the leading systems integrator in the fast-growing image-guided minimally invasive surgery market," is how the group CEO described the deal that was completed in February 2015.
Spectranetics Gives Philips Adjacent Territory In Image-Guided Therapy
The plum in the middle of Philips' intense period of M&A this summer was the €1.9 billion purchase of Spectranetics, which, combined with Philips Volcano, should create a $1 billion+ devices business within the image-guided therapy group by 2020. IGT senior vice president and general manager Bert van Meurs explains the rationale behind the deal, and what's next for Philips.
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