Tuesday, September 21, 2021

Philips acquires Capsule Technologies and its medical device data technology

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Royal Philips (NYSE: PHG) announced today that it has agreed to acquire Capsule Technologies in a deal valued at $ 635 million.

Andover, Capsule Technologies, based in Massachusetts, develops medical device and data integration technologies for hospitals and healthcare organizations. Its offerings include a medical device information platform for integration, vital signs monitoring and clinical monitoring services, according to a press release.

Capsule Technologies serves more than 2,800 hospitals and healthcare facilities in 40 countries, and in 2020 the company had revenues of over $ 100 million, marking double-digit growth.

Amsterdam-based Philips said in the statement that the acquisition is part of its strategy to transform healthcare delivery with integrated solutions, as it adds to a portfolio comprising patient monitoring solutions, therapy, telehealth, informatics and interoperability.

In the $ 635 million deal, which is expected to close in the first quarter of 2021, …

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  • According to the source Philips acquires Capsule Technologies and its medical device data technology
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