M&A Deal Summary

ConnectAmerica Acquires Koninklijke Philips - Aging and Caregiving business

On May 5, 2021, ConnectAmerica acquired healthcare services company Koninklijke Philips - Aging and Caregiving business from Philips

Acquisition Highlights
  • This is ConnectAmerica’s 3rd transaction in the Healthcare Services sector.
  • This is ConnectAmerica’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2021-05-05
Target Koninklijke Philips - Aging and Caregiving business
Sector Healthcare Services
Buyer(s) ConnectAmerica
Sellers(s) Philips
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

ConnectAmerica

Bala Cynwyd, Pennsylvania, United States

Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

Connect America is a provider of medical alert systems. With a full suite of reliable connected health solutions offered directly and through more than 1,000 healthcare network partners. Connect America was established in 2004 and is based in Bala Cynwyd, Pennsylvania.


DEAL STATS #
Overall 3 of 4
Sector: Healthcare Services M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Connect America - Patient Access Services

Broomall, Pennsylvania, United States

Connect America LLC's Patient Access Services provides automated appointment scheduling, after-hours call answering, insurance pre-authorization, post-discharge follow-up, and other patient communication services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 100Plus

San Francisco, California, United States

100Plus is a Remote Patient Monitoring platform empowering doctors to manage their chronic patients remotely, proactively engage them to avoid expensive, episodic care, and drive a higher quality of life. The 100Plus medical devices are included as part of the remote patient monitoring service, which incurs no out-of-pocket cost for the majority of patients. When a patient receives a 100Plus medical device, it's fully configured and ready to use out of the box - no smartphone, app, Bluetooth, WiFi, or cellular plan required. The program can reduce episodic care and improves patient care by continuously monitoring high-risk senior patients. 100Plus was formed in 2016 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

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 15 of 17
Sector: Healthcare Services M&A 1 of 3
Type: Divestiture M&A Deals 12 of 14
Country: Netherlands M&A 9 of 10
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Versuni

Amsterdam, Netherlands

Versuni provides kitchen, coffee, garment care and home care appliances. Versuni is based in Amsterdam, Netherlands.

Sell $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 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.

Buy -