Navigation Links
Neusoft Medical Signed Transfer Agreement with Philips to Acquire 25% Equities in Philips-Neusoft Medical Systems Joint Venture

SHENYANG, China, July 5, 2013 /PRNewswire/ -- Neusoft Corporation ("Neusoft", SSE: 600718), a leading IT solution and service provider in China, announced that Neusoft's wholly owned subsidiary, Neusoft Medical Systems Co., Ltd. ("Neusoft Medical") has signed agreements with Royal Philips Electronics and its affiliate company ("Philips") on the equities and assets transfer, intellectual property rights, contracted manufacturing and supply, components supply, customer service and support of Philips & Neusoft Medical Systems Co., Ltd. ("PNMS"). According to the agreement, Neusoft Medical will acquire 25% equities in PNMS held by Philips, and become the holding company of the original joint venture.

PNMS was jointly established by Neusoft Medical and Philips in 2004. Neusoft Medical and Philips held 49% and 51% equities in PNMS respectively. Upon the completion of the transaction, Neusoft Medical will hold 74% equities in PNMS, and therefore become the holding company of PNMS. In addition, Philips will purchase part of the equipments, instruments, and prototypes related to the development and pilot production of CT systems and high-voltage CT generators. Also, some staff for R&D and manufacturing of CT system and high-voltage CT generators will be transferred from PNMS to Philips.

According to the announcement, after the completion of the transaction, Neusoft Medical and the original joint venture will continue their businesses in R&D, production and sales of medical systems, such as CT scanners, MRI, x-ray apparatus, ultrasonic diagnosis apparatus, etc. Besides, Neusoft Medical and Philips will maintain a partnership based on the previous cooperation between both sides. In terms of the intellectual property rights, Neusoft Medical and Philips will both share the intellectual property rights of PNMS by means of co-ownership and license, while Philips will allow both Neusoft Medical and the original joint venture to use its background intellectual property rights within the current scope. Meanwhile, Philips promised to purchase ultrasonic products from the original joint venture on an exclusive basis, and further pledged to order CT products with a total value of no less than RMB 405 million Yuan within the following two years post transaction. In addition, Philips, the original joint venture and other related parties will continue to mutually supply medical equipment components, provide customer services and support, to meet the requirements of respective business development.

According to the announcement, the joint venture had fulfilled its mission over the past years, as evidenced by a large number of competitive products and intellectual property rights. The successful performance of PNMS has built solid foundation for both sides to further optimize their respective global deployment and improve their competitiveness. With this transaction, Neusoft and Philips will be able to develop new products based on their previous achievements in a more flexible manner in line with their respective strategies, which will further support their long-term strategic targets and plans and better help them cope with new opportunities and challenges in the global market.

It is reported that the transaction is estimated to take place before December 31st, 2013 or another date agreed upon by both sides. After the completion of the transaction, PNMS will be renamed and it will no longer use "Philips" in its name.

About Neusoft Corporation

Neusoft is the leading IT solution and service provider in China with operations across the globe. Focusing on software technology, Neusoft provides industry solutions, product engineering solutions and related software products & platform, and services. With more than 23,000 employees around the world, Neusoft has a comprehensive marketing and service network in more than 40 cities across China, as well as subsidiaries in the U.S., Japan, Finland, Germany, Romania, Switzerland, and the United Arab Emirates, etc. The Company is the first listed software company in China and is traded on the Shanghai Stock Exchange. For more information, please visit:

About Neusoft Medical

Neusoft Medical is based in Shenyang, China. As a wholly-owned subsidiary of Neusoft Corporation, Neusoft Medical has become the premier developer and manufacturer of advanced medical equipment in China. Combining strength in R&D, software development and system integration with collaboration with top medical institutes and academic institutions, Neusoft Medical has released more than 20 new products since its founding in 1998 and installed thousands of medical systems worldwide. For more information, please visit:

For more information, please contact:

Evelyn Tang
Branding & Marketing Management Center
Neusoft Corporation
Phone: +86-24-8366-5663

SOURCE Neusoft Corporation
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Neusoft Medical Launches New Products to Global Market at 2013 Spring CMEF
2. Neusoft Medical cherche à acquérir des actions détenues par Philips dans la coentreprise Philips-Neusoft Medical Systems
3. A Neusoft Medical pretende adquirir ações da joint venture da Philips, a Philips-Neusoft Medical Systems
4. Neusoft Medical intends to acquire equities in Philips-Neusoft Medical Systems joint venture from Philips
5. Der NeuViz 64 Multi-Slice-CT-Scanner von Neusoft Medical Systems erhält FDA-Genehmigung
6. The NeuViz 64 Multi-slice CT Scanner from Neusoft Medical Systems Receives FDA Clearance
7. Neusoft Medical Systems, USA Announces Alignment with Landauer Medical Physics
8. Landauer Medical Physics Announces Alignment With Neusoft Medical Systems, USA
9. Neusoft Positron Medical Systems Receives ISO Certification and CE Mark for their Attrius PET System
10. Neusoft Medical Launches NeuViz 64 Multi-slice CT Scanner at CMEF Spring 2012
11. Buffalo Area Emergency Medical Service Workers Reject Rural/Metro Contract Concessions
Post Your Comments:
(Date:11/27/2015)... NEW YORK , November 27, 2015 ... health system is set to go online. The potential ... and processes is vast and far from fully exploited ... access to patient health records, either via mobile tablet ... ) --> ) ...
(Date:11/27/2015)... PHILADELPHIA , Nov. 27, 2015  Lannett ... that it has completed the acquisition of Kremers ... pharmaceuticals subsidiary of global biopharmaceuticals company UCB S.A. ... --> Lannett has acquired KU from UCB ... to certain adjustments, including a customary working capital ...
(Date:11/27/2015)... 2015 ... "2016 Global Tumor Marker Testing Market: ... Sales Segment Forecasts, Innovative Technologies, Instrumentation Review, ... their offering. --> ) ... "2016 Global Tumor Marker Testing Market: Supplier ...
Breaking Medicine Technology:
(Date:11/30/2015)... ... November 30, 2015 , ... Brenntag ... exclusive channel partner for the Nutraceutical Specialties products into oral solid dosage in ... immediately. , “We are pleased to announce our expanded distribution agreement with ...
(Date:11/30/2015)... , ... November 30, 2015 , ... An inventor from ... in the womb. "My last baby had high blood pressure due to loud noises," ... to protect their babies from noise pollution as well as radio waves and microwaves." ...
(Date:11/30/2015)... ... November 30, 2015 , ... Since its inception, ... in independent living, assisted living and all other retirement options. Support for issues ... and research remains a top priority. , So it’s no surprise that ...
(Date:11/30/2015)... ... 30, 2015 , ... Sikka Software announced today that they are showcasing the ... to make complex business decisions by providing the tools and information they need to ... with 10 procedures customized by zip code. , The Sikka Software Ecosystem includes ...
(Date:11/30/2015)... (PRWEB) , ... November 30, 2015 , ... ... the assets of DataTrade Solutions Inc., a Healthcare IT consulting, development and support ... the programming and technical experience available within DataTrade to extend the services currently ...
Breaking Medicine News(10 mins):