Capsule Technologies

Capsule Technologies develops technologies of integration of medical devices and a data transmission system for hospitals and the medical organizations. By January, 2021 the company services more than 2800 hospitals and the medical organizations in 40 countries.

Performance Indicators

In 2020 the sales volume of Capsule Technologies exceeded $100 million.

History

2021: Philips purchased Capsule Technologies for $635 million

At the end of January, 2021 Philips announced acquisition of Capsule Technologies for $635 million. According to the press release, thanks to the transaction the buyer will get access to the IT platform which is opened wide by Capsule Technologies for integration of medical devices, monitoring of the vital functions and clinical observation.

Philips noted that this acquisition fits into its strategy for conversion of medical care using integrated solutions. New technologies supplement the service portfolio of Philips including solutions for condition monitoring of health, telemedicine and interaction of doctors and patients.

Philips purchased Capsule Technologies

Within the transaction which, as expected, is closed in the first quarter 2021 Capsule Technologies and about 300 employees of the company will join a segment of the connected medical services of Philips. The company expects that acquisition will lead to sales growth in 2021.

Integrated solutions for care of patients who use AI and data on patients in real time - here a basis of our strategy for improvement of results of treatment and performance of health care, - the head Philips Connected Care Roy Jakobs says. - Acquisition of Capsule Technologies will even more expand our portfolio of offers on care of patients. We hope to integrate our strengths, having added an integration framework of medical devices for improvement of monitoring and optimization of workflows in intensive care unit.[1]

Notes