January 18, 2007—On January 1, 2007, Siemens Medical Solutions, Malvern, Pa, acquired Gesellschaft für Systemforschung und Dienstleistungen im Gesundheitswesen mbH (GSD), a German health IT company headquartered in Berlin. A leading provider of health information systems (HIS) in Europe, GSD boasts more than 300 customers in 14 countries, and generated 25.6 million EUR ($33.2 million) in revenue in fiscal year 2005.
“To improve quality and efficiency in health care, we are putting our faith in optimized IT solutions such as our unique workflow management system, Soarian,” said Erich R. Reinhardt, President and CEO of Siemens Medical Solutions. “GSD’s enormous expertise in the development and implementation of health information systems presented us with a convincing case. Accordingly, the future will see us achieve even greater joint success in this area.”
GSD will operate as a wholly owned subsidiary of Siemens Medical Solutions. After the recently finalized purchase of both Diagnostic Products Corporation (DPC) and Bayer Diagnostics, this takeover represents Siemens’ third acquisition in the past three quarters.
—Cat Vasko
