Philips to Acquire Capsule Technologies for ~$635M

 Philips to Acquire Capsule Technologies for ~$635M

Philips to Acquire Capsule Technologies for ~$635M

Shots:

  • Philips to acquire Capsule technologies for $635M in cash. The transaction is expected to be completed in H1’21 with the addition of ~300 employees of Capsule in Philips’ Connected Care segment
  • The acquisition will expand Philips’ patient care management offering. The acquisition complements Philips’ strategy to transform the delivery of healthcare along the health continuum with integrated solutions
  • Capsule’s medical device information platform comprised of device integration, vital signs monitoring, and clinical surveillance services, connecting almost all existing medical devices and EMRs in hospitals through a vendor-neutral system

Click here ­to­ read full press release/ article | Ref: Philips | Image: Medgadget

Tuba Khan

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on tuba@pharmashots.com

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