Philips to acquire RIS supplier Ximis

20 August 2007

Amsterdam, The Netherlands. Royal Philips Electronics (NYSE:PHG, AEX:PHI) is taking over Texas-based radiology information system (RIS) supplier XIMIS Inc.

Ximis’ key product is Xiris (extended Internet radiology information system), which is a web-based RIS, scaling from community hospitals up to large, multiple facility hospitals.

Xiris is designed to manage patient registration, scheduling, exam tracking, staff and resource management, and the generation of reports and statistical information. Philips iSite PACS concentrates on image management and distribution, therefore Xiris is considered to be complementary to iSite and is expected to strengthen Philips’ PACS market position.

“XIMIS is a company with very talented people and unique technology that will strengthen our position in healthcare informatics and will enable us to provide an integrated RIS-PACS solution”, said Oran Muduroglu, CEO of Philips Medical Systems’ Healthcare Informatics business group.

Katitza Gerdau, founder and CEO of XIMIS Inc said: “Philips is the right home for XIRIS since it has a high quality organization with a global, international scope. This acquisition will provide XIRIS a foundation for the future.”

The transaction is expected to close in the third quarter of 2007. No financial details on the transaction were disclosed. XIMIS will be incorporated into the Healthcare Informatics business group of Philips’ Medical Systems division.

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