M&A Deal Summary

Philips Acquires Medel

On December 15, 2008, Philips acquired healthcare services company Medel

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

M&A Deal Summary

Date 2008-12-15
Target Medel
Sector Healthcare Services
Buyer(s) Philips
Deal Type Add-on Acquisition

Target

Medel

PR, Italy
Medel SpA is a privately-held manufacturer and distributor of home health products.

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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 11 of 33
Sector: Healthcare Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 8 of 28
Country: Italy M&A 1 of 2
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-20 Civolution

Eindhoven, Netherlands

Civolution is the provider of technology and services for identifying, managing and monetizing media content. Civolution was founded in 2008 and is based in Eindhoven, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Saeco International Group

Gaggio Montano, Italy

Saeco is the leading European automatic espresso coffee machines manufacturer. Saeco designs, manufactures and distributes espresso coffee machines (manual or automatic) for home and professional use both under its own brands ('Saeco', 'Gaggia' and 'Spidem') and on behalf of third party.

Buy -