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Acquisition of Bayer’s Diagnostic Division Finalized

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The acquisition of Bayer Healthcare's diagnostic division by Siemens Medical Solutions has been completed.

Bayer Diagnostics and Diagnostic Products Corporation (DPC), acquired in July 2006, were merged into a single business unit on January 1, 2007.

The new entity, Siemens Medical Solutions Diagnostics, is a wholly owned subsidiary of Siemens Medical Solutions USA, Inc. and employs more than 8,000 people worldwide.

This new business is integral to Siemens’ overall strategy to help its customers improve workflow throughout the healthcare enterprise.

“With the acquisitions of DPC and Bayer Diagnostics, we invested heavily in a future oriented and growing market in the health care sector,” said Klaus Kleinfeld, CEO of Siemens AG.

”We see tremendous potential for Siemens Medical Solutions Diagnostics and have high expectations for the new unit.”