Philips to acquire Capsule Technologies to expand patient care solutions offering

Dutch health technology company Royal Philips has signed an agreement to acquire Capsule Technologies, a Massachusetts-headquartered global provider of medical device integration and data technologies for hospitals and healthcare organizations for US$ 635 million (approximately EUR 530 million).

According to Roy Jakobs, Chief Business Leader Connected Care at Royal Philips, the acquisition of Capsule should further extend Philips’ patient care management offering.

Philips’s  current portfolio already includes real-time patient monitoring, therapeutic devices, telehealth, informatics and interoperability solutions; and its combination with Capsule’s leading Medical Device Information Platform, connected through Philips’s secure vendor-neutral cloud-based HealthSuite digital platform, is seen to enrich and scale Philips’ patient care management solutions for all care settings in the hospital, as well as remote patient care. 

The transaction is subject to certain closing conditions, including regulatory authorizations in relevant jurisdictions other than the US. It is anticipated that the transaction will be completed in the first quarter of 2021. Capsule and its 300 or so employees will be part of the Philips Connected Healthcare segment.

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Tags: Capsule Technologies, medical device, Royal Philips

Category: Features, Technology & Devices