Neusoft to Buy Out its Medical Imaging JV Partner, Phillips

Neusoft Corporation, a China software company, plans to buy the 51% of its high-end medical imaging JV that it does not own from Philips, its current partner. Neusoft has a medical imaging subsidiary, Neusoft Medical, headquartered in Shenyang which was Neusoft’s marketing arm for its share of the JV’s products. The JV was established in 2004 and funded with $29.6 million in initial capital. All the IP developed by the JV will continue to be owned jointly by the two partners. More details.... Stock Symbol: (SHA: 600718) Share this with colleagues: // //