FDAnews Device Daily Bulletin

PHILIPS EYES MEDICAL DEVICE BUYS, TO TAKE TIME

Nov. 17, 2005
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Dutch group Philips Electronics has identified acquisition targets for its key medical devices division, but it is likely to take some time, its chief executive said on Monday. "We have made smaller acquisitions in the recent past and are looking for larger acquisitions," Gerard Kleisterlee, who was on a visit to India's tech capital, told reporters at a news conference.

Reuters (http://in.today.reuters.com/news/newsArticle.aspx?type=technologyNews&storyID=2005-11-14T222044Z_01_NOOTR_RTRJONC_0_India-223507-1.xml)