Main articles about the company:
2021: Purchase of Cardiologs Electrocardiography Software Developer
In early November 2021, Philips Healthcare signed an agreement to acquire the French company Cardiologs, a developer of electrocardiogram analysis and reporting software. The transaction, which is subject to normal closing conditions, is expected to be completed before the end of 2021. The terms of the transaction were not disclosed. More details here.
2020
Purchase of a heart control device developer BioTelemetry
In mid-December 2020, Philips announced the purchase of BioTelemetry for $2.8 billion. BioTelemetry primarily specializes in the diagnosis and monitoring of heart rhythm disorders, the corresponding devices account for 85% of its sales. More details here.
Purchase of IT Platform Developer for Innovative Imaging Technologies Remote Medical Consultations
In August 2020 Philips , she announced an acquisition Innovative Imaging Technologies at a price that she did not call. As a result of this transaction, the headquarters of the purchased company in Canadian Monreale will become the center of competence for Philips in the field of digital collaboration. health care More. here
2019
Purchase of Medumo Physician-Patient Interaction Technology Developer
In mid-July 2019, Philips announced the acquisition of Medumo, a developer of physician-patient interaction technologies. More details here.
Expensive Watch and Golf Club Membership: GE, Philips and Siemens Employees Told How to Bribe Doctors for Medical Supplies
In mid-June 2019, employees of GE, Philips and Siemens testified in a Chinese court about bribing low-paid hospital employees for purchasing medical devices of these companies. More details here.
Brand purchase from hearing aid manufacturer Demant
In mid-April 2019, Philips bought the brand from the manufacturer of hearing aids Demant Rada and brought to the market a line of premium products, as well as a number of accessories and applications for servicing users. More details here.
Direct Radiology Telergenology Platform Developer Purchase
At the end of March 2019, Philips Healthcare announced the acquisition of Direct Radiology, a developer of the telerentgenology platform. Read more here.
Purchase from Carestream Health of IT Medicine
In early March 2019, Carestream Health signed an agreement with Philips Healthcare to sell its health information systems division. More details here.
2018
Purchase of RDT ambulance equipment manufacturer
On June 13, 2018, Philips Healthcare announced the acquisition of Remote Diagnostic Technologies (RDT). RDT's range of comprehensive emergency medical equipment, including for primary patient stabilization, on-site care and transportation to a medical facility, will complement Philips Therapeutic Care's range of products and strengthen its leading position in the intensive care and emergency care market. More details here.
Purchase of Cardiac Imaging Systems Manufacturer EPD Solutions for $542 Million
On June 5, 2018, Philips announced the purchase of EPD Solutions, a manufacturer of cardiac imaging systems. The down payment is $292.1 million, subsequent payments - about $250 million, subject to the fulfillment of the contract. More details here.
Purchase of AGITO Medical
On February 15, 2018, Philips Diagnostic Imaging, a division of Philips that develops and sells diagnostic imaging equipment, completed the acquisition of AGITO Medical, a Danish third-party service provider and used medical equipment. More details here.
2017
Purchase of Forcare
In December 2017, Philips Healthcare announced the acquisition of software developer for the integration of medical IT systems Forcare. They decided not to disclose the cost of the transaction. More details here.
Buying VitalHealth
In December 2017, Philips Healthcare announced the purchase of a developer of a cloud-based health surveillance system for the VitalHealth population. The transaction amount is not disclosed. More details here.
Selling part of the MRI business
In early August 2017, Philips Healthcare announced the sale of part of the MRI business. We are talking about devices with HIFU therapy technology (High Intensity Focused Ultrasound ), which is increasingly used as an alternative to surgery. In some cases, HIFU therapy is the only treatment that allows you to save the patient's life.
The business, which is based on the Philips Sonalleve MR-HIFU systems, is bought by Profound Medical in exchange for 7.4 million of its ordinary shares. Philips pledged not to sell this stake for a year after the close of the deal.
Sonalleve MR-HIFU is a therapeutic platform for relieving the pain of cancer patients. This system allows for palliative therapy of pain syndrome in case of bone metastasis without surgical intervention. The equipment acts by thermal ablation on the periosteal nerves of the patient under analgesia.
Under the terms of the agreement, Philips will continue to distribute Sonalleve devices in projects to use them together with Ingenia and Achieva MRI systems. In addition, the Dutch company will provide Profound with additional services, such as installing Sonalleve MR-HIFU in medical facilities and manufacturing tables for this equipment. Philips will remain the distributor of Profound TULSA-PRO ultrasonic ablation systems.
After closing the deal with Philips, Profound began to call itself the world's only supplier of therapeutic platforms for ablation of diseased tissue, combining real-time MRI imaging and high-intensity focused ultrasound.[1]
Purchase of software developer TomTec
On July 18, 2017, Royal Philips, the parent company of Philips Healthcare, announced a deal to acquire the German company TomTec Imaging Systems, a leading supplier of software for analyzing diagnostic medical imaging data, especially ultrasound.
Upon completion of the transaction, closed on June 18, 2017, the TomTec business and more than 100 of its employees became part of the Philips Ultrasound Business Group, Philips said.
The financial terms of the takeover were not disclosed. Since the beginning of the 2017 calendar year, this is the seventh acquisition of the Dutch vendor, notes the publication Nasdaq.[2] Learn more about the deal here.
Purchase of Spectranetics for 1.9 billion euros
On June 28, 2017, the Dutch company Philips announced the acquisition Spectranetics for 1.9 billion euros. Thanks to this transaction, the buyer will be able to expand the business of producing medical devices with visual control. Upon completion of the transaction, 900 Spectranetics employees will become part of Philips' medical imaging division. By 2020, the business volume of the combined division of Philips Volcano and Spectranetics is expected to reach 1 billion euros (1.14 billion). dollars More. here
Buying RespirTech
In May 2017, Philips Healthcare announced the purchase of a developer of ventilation systems RespirTech. They decided not to disclose the financial component of the agreement. Philips plans to complete all formalities related to this acquisition in a few months. More details here.
Notes
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