M&A Deal Summary

Philips Acquires BioTelemetry

On December 18, 2020, Philips acquired medical products company BioTelemetry for 2.8B USD

Acquisition Highlights
  • This is Philips’ 11th transaction in the Medical Products sector.
  • This is Philips’ 2nd largest (disclosed) transaction.
  • This is Philips’ 17th transaction in the United States.
  • This is Philips’ 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-12-18
Target BioTelemetry
Sector Medical Products
Buyer(s) Philips
Deal Type Add-on Acquisition
Deal Value 2.8B USD

Target

BioTelemetry

Malvern, Pennsylvania, United States
BioTelemetry, Inc. is a remote medical technology company provides remote cardiac monitoring, centralized core laboratory services for clinical trials, remote blood glucose monitoring and original equipment manufacturing that serves both healthcare and clinical research customers. BioTelemetry was founded in 1994 and is based in Malvern, Pennsylvania.

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Buyer(S) 1

Buyer

Philips

Amsterdam, Netherlands
Category Company
Founded 1891
Sector Consumer Products
Employees69,062
Revenue 18.2B EUR (2023)
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. Koninklijke Philips was founded in 1891 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 30 of 33
Sector (Medical Products) 11 of 13
Type (Add-on Acquisition) 25 of 28
State (Pennsylvania) 3 of 4
Country (United States) 17 of 19
Year (2020) 2 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-27 Intact Vascular

Wayne, Pennsylvania, United States

Intact Vascular, Inc. is a developer of medical devices for minimally-invasive peripheral vascular procedures. Intact Vascular was founded in 2011 and is headquartered in Wayne, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Capsule Technologies

Andover, Massachusetts, United States

Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts.

Buy $635M
Mergr

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