Siemens Healthineers announces closing of Fast Track Diagnostics acquisition
Berkeley, CA | Jan 10, 2018
Siemens Healthineers confirmed today that it has completed its acquisition of Fast Track Diagnostics (FTD). The closing of the deal occurred on December 19, 2017, expanding the Siemens Healthineers molecular diagnostics portfolio and underscoring the company’s commitment to this designated growth area. Terms of the agreement were not disclosed.
FTD’s broad range of CE-marked1 infectious disease detection tests and syndromic panels expands the Siemens Healthineers menu of assays for its VERSANT® kPCR Molecular System1 by over 85 assays and syndromic panels, transforming care delivery for its customers with a comprehensive solution for molecular testing of infectious diseases such as respiratory infections, gastroenteritis, meningitis, hepatitis, infections of the immunosuppressed, tropical diseases, sexually transmitted diseases, and early childhood diseases. In addition, FTD’s platform-agnostic menu allows Siemens Healthineers to effectively serve a broader customer base.
“The closing of this deal enables both Siemens Healthineers and FTD—now joined as one—to more effectively address the evolving needs of the molecular diagnostics marketplace,” says Fernando Beils, Head of Molecular Diagnostics, Siemens Healthineers. “It is an exciting time for us at Siemens Healthineers as we welcome the FTD community into our own.”
FTD will continue to operate under the brand name Fast Track Diagnostics throughout the world.
Siemens Healthineers is the separately managed healthcare business of Siemens AG enabling healthcare providers worldwide to achieve better outcomes at lower costs by empowering them on their journey towards expanding precision medicine, transforming care delivery, improving patient experience and digitalizing healthcare. A leader in medical technology, Siemens Healthineers is constantly innovating its portfolio of products and services in its core areas of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular medicine. Siemens Healthineers is also actively developing its digital health services and enterprise services.
In fiscal 2017, which ended on September 30, 2017, Siemens Healthineers generated revenue of €13.8 billion and profit of €2.5 billion and has about 48,000 employees worldwide.
Further information is available at www.siemens.com/healthineers
1The products/features (mentioned herein) are not commercially available in all countries. Product availability may vary from country to country and is subject to varying regulatory requirements. Please contact your local representative for availability. Please contact your local Siemens Healthineers organization for further details.
Reference Number: PR2018010127HCEN