Siemens finalizes Bayer buy

AuntMinnie.com staff writers

Jan 2, 2007

Siemens Medical Solutions has completed its acquisition of Bayer Healthcare's diagnostic division.

The Erlangen, Germany-based firm merged Bayer Diagnostics and previous acquisition Diagnostic Products Corporation (DPC) into a single business unit on January 1. The new entity, called Siemens Medical Solutions Diagnostics, is a wholly owned subsidiary of Siemens Medical Solutions USA.

Siemens Medical Solutions Diagnostics is headquartered in Tarrytown, NY, and Los Angeles. The combined business generated cumulative sales of 1.8 billion euros ($2.37 billion U.S.) in fiscal 2005 (end-December 31).

By AuntMinnie.com staff writers
January 3, 2007

Related Reading

Siemens, UCLA to test Alzheimer's PET agent, December 21, 2006

Siemens CMO named as CCHIT commissioner, December 5, 2006

FDA clears Siemens' syngo applications, November 28, 2006

Siemens to debut portable CR unit at RSNA, November 22, 2006

Road to RSNA, Siemens Medical Solutions, November 15, 2006

Copyright © 2007 AuntMinnie.com

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