Philips to Acquire Capsule Technologies for ~$635M

Shots:

  • Philips to acquire Capsule technologies for $635M in cash. The transaction is expected to be completed in H1’21 with the addition of ~300 employees of Capsule in Philips’ Connected Care segment
  • The acquisition will expand Philips’ patient care management offering. The acquisition complements Philips’ strategy to transform the delivery of healthcare along the health continuum with integrated solutions
  • Capsule’s medical device information platform comprised of device integration, vital signs monitoring, and clinical surveillance services, connecting almost all existing medical devices and EMRs in hospitals through a vendor-neutral system

Click here ­to­ read full press release/ article | Ref: Philips | Image: Medgadget

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