M&A Deal Summary

Philips Acquires Australian Pharmacy Sleep Services

On March 27, 2017, Philips acquired healthcare services company Australian Pharmacy Sleep Services

Acquisition Highlights
  • This is Philips’ 3rd transaction in the Healthcare Services sector.
  • This is Philips’ 1st transaction in Australia.

M&A Deal Summary

Date 2017-03-27
Target Australian Pharmacy Sleep Services
Sector Healthcare Services
Buyer(s) Philips
Deal Type Add-on Acquisition

Target

Australian Pharmacy Sleep Services

Sydney, Australia
Australian Pharmacy Sleep Services is a provider of pharmacy sleep testing services. APSS sleep apnea program for pharmacies that includes screening, home-based sleep studies based on Continuous Positive Airway Pressure (CPAP) therapy, training and services. Australian Pharmacy Sleep Services was established in 2011 and is headquartered in Sydney, Australia.

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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 20 of 33
Sector: Healthcare Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 15 of 28
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Lumileds

Schiphol, Netherlands

Lumileds is a supplier of lighting components to the general illumination, automotive and consumer electronics. Lumileds was established in 1999 and is headquartered in Schiphol, Netherlands.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Respiratory Technologies

St. Paul, Minnesota, United States

Respiratory Technologies, Inc. is a provider of airway clearance solution for patients with chronic respiratory conditions, such as chronic obstructive pulmonary disease (COPD) and cystic fibrosis. Respiratory Technologies, Inc. was founded in 2004 and is headquartered in St. Paul, Minnesota.

Buy -