Philips Buys Capsule Technologies in $635M Deal.

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Date: Jan-Feb 2021
From: Medical Product Outsourcing(Vol. 19, Issue 1)
Publisher: Rodman Publishing
Document Type: Article
Length: 436 words
Lexile Measure: 1650L

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Royal Philips is acquiring Capsule Technologies Inc., a provider of medical device integration and data technologies for hospitals and healthcare organizations. Capsule's Medical Device Information Platform--comprised of device integration, vital signs monitoring and clinical surveillance services--connects almost all existing medical devices and EMRs in hospitals through a vendor-neutral system. Capsule's platform captures streaming clinical data and transforms it into actionable information for patient care management to enhance patient outcomes, improve collaboration between care teams, streamline clinical workflows and increase productivity.

The acquisition of Capsule is a strong fit with Philips' strategy to transform care delivery with integrated solutions. Philips' current portfolio already includes real-time patient monitoring, therapeutic devices, telehealth,...

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Gale Document Number: GALE|A652003848