Emergency Care Acquires Koninklijke Philips' Philips Emergency Care Operations; Financial Terms Not Disclosed
Benzinga Newsdesk 10 months ago
News
Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital, today announced the completion of its acquisition of the Philips Emergency Care business from Koninklijke Philips N.V. (NYSE:PHG). The business
Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital, today announced the completion of its acquisition of the Philips Emergency Care business from Koninklijke Philips N.V. (NYSE:PHG). The business will operate as Heartstream and continue to market select products under a Philips brand license.
The acquisition represents the launch of ECH's global platform strategy focused on building a leading portfolio of emergency medical technology companies serving the pre-hospital care market. The emergency medical products sector exceeds $26 billion globally and is characterized by strong demand, recurring revenue, and long-term demographic and regulatory tailwinds.