M&A Deal Summary

Philips Acquires Cardiologs

On November 8, 2021, Philips acquired medical products company Cardiologs

Acquisition Highlights
  • This is Philips’ 12th transaction in the Medical Products sector.
  • This is Philips’ 1st transaction in France.

M&A Deal Summary

Date 2021-11-08
Target Cardiologs
Sector Medical Products
Buyer(s) Philips
Deal Type Add-on Acquisition

Target

Cardiologs

Paris, France
Cardiologs is a medical technology company focused on transforming cardiac diagnostics using artificial intelligence (AI) and cloud technology. Cardiologs was formed in 2014 and is based in Paris.

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Buyer(S) 1

Buyer

Philips

Amsterdam, Netherlands

Category Company
Founded 1891
Sector Consumer Products
Employees67,263
Revenue 18.0B EUR (2024)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Philips was founded in 1891 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 32 of 33
Sector: Medical Products M&A 12 of 13
Type: Add-on Acquisition M&A Deals 27 of 28
Country: France M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Koninklijke Philips - Aging and Caregiving business

Amsterdam, Netherlands

Koninklijke Philips' Aging and Caregiving (ACG) business offer Lifeline Personal Emergency Response System (PERS) and senior living solutions with 24/7 access to trained care specialists, and digital solutions that help caregivers stay connected. Koninklijke Philips' Aging and Caregiving (ACG) business is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Vesper Medical

Wayne, Pennsylvania, United States

Vesper Medical is a medical device company dedicated to the development of a novel venous stent for the treatment of a variety of venous diseases. The Company had achieved CE Mark and has initiated the VIVID trial in the US for FDA approval. Vesper Medical was founded in 2016 and is based in Wayne, Pennsylvania.

Buy -