Philips to acquire Spectranetics devicemaker for $2.2B: 5 things to know

The Dutch healthcare technology company Philips will purchase Colorado Springs, Colo.-based The Spectranetics Corp. for about $2.16 billion, reports Denver Business Journal.

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By: Mackenzie Bean

Here are four things to know.

  1. Spectranetics, founded in 1984, develops vascular intervention devices.
  1. The devicemaker staffs about 900 employees and represents the 58th largest company in Colorado.
  1. Once the deal is closed, Spectranetics will fall under Philips’ image-guided therapy business group.
  1. The agreement marks Philips’ second acquisition this month. Last week, the company announced plans to buy devicemaker Electrical Geodesics for about $36.7 million.

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