Electrical Geodesics produces noninvasive devices that use electroencephalogram technology to monitor brain activity and inform diagnoses of neurological disorders.
Philips seeks to expand its portfolio of imaging technology and software tools through the acquisition.
“By fusing these different tools together, we will create a more comprehensive map of the brain, and unlock new computational algorithms, which will help to shorten the path to a definitive diagnosis and guide some of the most complex therapeutic strategies,” Joe Burnett, business leader of neurodiagnostics at Philips, said in a news release.
The deal is expected to close in the third quarter of this year.
More articles on supply chain:
Drug manufacturer, distributor shut down for producing unapproved medications
Sanofi CEO on SCOTUS’ biologics ruling: 3 takeaways
Whole Foods acquisition could move Amazon closer to pharmacies
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.