Koninklijke Philips NV (PHIA.AE) said Friday that it has bought U.S. startup Analytical Informatics Inc. for an undisclosed sum to expand its radiology business.
Philips, an Amsterdam-listed healthcare, electronics and lighting technology company, said that Analytical Informatics' products, which include advanced workflow tools and applications, will strengthen its imaging department.
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Analytical Informatics was founded in 2011 at the University of Maryland to license technology developed from the university's medicine department.
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(END) Dow Jones Newswires
November 24, 2017 02:33 ET (07:33 GMT)