Philips to buy medical device management company for $635M 

Listen

Philips signed an agreement to acquire Capsule Technologies, a medical device integration and data technologies company, for $635 million, according to a Jan. 19 news release. 

Capsule's medical device information platform integrates devices, vital signs monitoring and clinical surveillance services so that medical devices and EHRs in hospitals can share information through a single platform. 

Through the acquisition, Philips plans to connect Capsule's information platform with its cloud-based digital health platform so it can expand its patient care management and remote monitoring services. 

Philips expects the transaction to close in the first quarter of 2021; under the deal, Capsule and its approximately 300 employees will become part of Philips' connected care segment. 

 

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Whitepapers

Featured Webinars