Healthcare DIVE January 28, 2025
Investment firm Bridgefield Capital will buy the segment, which includes cardiac resuscitation and emergency care devices, for an undisclosed amount.
Philips has agreed to sell its emergency care business to Washington D.C.-based investment firm Bridgefield Capital, the companies announced on Tuesday. They did not disclose the terms of the deal.
Philips’ emergency care business includes cardiac resuscitation devices, such as automated external defibrillators, and emergency care devices. The business is part of Philips’ connected care segment, which reported $1.21 billion in sales in the third quarter.
The agreement includes an exclusive brand license agreement, allowing the emergency care business to use the Philips brand for manufacturing, sales and marketing of emergency care products globally for up to 15 years.
...Today's Sponsors
Today's Sponsor