Press Release

Philips to acquire Northern Ireland based healthcare IT company TOMCAT Systems

Amsterdam, the Netherlands and Belfast, Northern Ireland – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced it will acquire TOMCAT Systems Ltd., based in Northern Ireland. Terms of this acquisition were not disclosed. TOMCAT offers a software solution to collect and aggregate data relative to the cardiac care of patients, and allows for a comprehensive, patient-centric presentation of this data to care givers such as doctors and nurses.

 

Through this acquisition, Philips will expand the use of information technology in healthcare – and specifically in its cardiology business – to improve patient outcomes and help hospitals work more efficiently. The transaction is expected to close in the second quarter of 2008, upon which TOMCAT will become part of the Healthcare Informatics business group within the Philips Healthcare sector.

 

Oran Muduroglu, General Manager of the Healthcare Informatics business group within Philips Healthcare, explains: “TOMCAT’s solution is a great match with our current cardiology information systems, and as such already implemented as a total solution in various hospitals. Philips will now accelerate introduction of this integrated cardiology information solution in North America and in other selected markets.”

 

TOMCAT’s software addresses both the clinical and operational needs of a cardiovascular service line. It connects with different clinical information systems like cath lab workflow management systems, and picture archiving and communications systems (PACS). TOMCAT is able to seamlessly connect to Philips’ Xcelera and Philips Xper Information Management, and also with systems from other vendors. TOMCAT’s software also provides scheduling, staff and resource management, cost capturing, and the generation of reports and statistical information, thereby supporting the management of a cardiovascular service line.

 

TOMCAT is a privately held company developing, selling and supporting Cardio-Vascular Information Systems (CVIS). Demand for CVIS software is accelerating as awareness of the benefits of such systems at hospitals is growing, and it is estimated that the global industry for cardiology informatics, which includes comprehensive CVIS solutions, will grow to more than EUR 400 million in 2011 from an estimated EUR 275 million in 2008.

 

For more information, please contact:

Joon Knapen

Philips Corporate Communications:

Tel: +31 20 59 77477

Email: joon.knapen@philips.com

 

Andre Manning

Philips Healthcare

Tel: +1 646 508 4545

Email: andre.manning@philips.com
 

Gareth Colhoun

TOMCAT Systems, Morrow Communications

+44 773 33 04415

 

Kieran Donnelly

TOMCAT Systems, Morrow Communications

+44 776 97 02275

 

About TOMCAT Systems

TOMCAT Systems of Northern Ireland, founded in 1998, is a leading supplier of Cardio-Vascular Information Systems (CVIS) with over 85 customers in the U.K., Ireland, Scandinavia and Canada. TOMCAT offers a fully integrated clinical, administrative and management information solution addressing almost all sub-specialties of in-hospital cardiology practice. Headquartered in Belfast, TOMCAT employs approximately 25 employees.

For media inquiries, please contact:

Steve Kelly, Director, Public Relations
Tel: +1 425-487-7479
E-mail: steve.kelly@philips.com

Ian Race, Senior Manager, Public Relations
Tel: +1 978-659-4624
E-mail:  ian.race@philips.com

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 133,000 employees in more than 60 countries worldwide. With sales of US$42 billion (EUR 27 billion) in 2007, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.