M&A Deal Summary

Philips Acquires The Spectranetics

On June 28, 2017, Philips acquired medical products company The Spectranetics for 1.9B USD

Acquisition Highlights
  • This is Philips’ 8th transaction in the Medical Products sector.
  • This is Philips’ 3rd largest (disclosed) transaction.
  • This is Philips’ 13th transaction in the United States.
  • This is Philips’ 1st transaction in Colorado.

M&A Deal Summary
Date 2017-06-28
Target The Spectranetics
Sector Medical Products
Buyer(s) Philips
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

The Spectranetics

Colorado Springs, Colorado, United States
Entrance to Spectranetics' corporate headquarters in Colorado Springs, Colorado.
Entrance to Spectranetics' corporate headquarters in Colorado Springs, Colorado.
The Spectranetics Corp. is a medical device company. Spectranetics developes, manufactures, and distributes of single-use medical devices used in minimally invasive procedures within the cardiovascular system. Spectranetics Corp. was formed in 1984 and is headquartered in Colorado Springs, Colorado.

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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 23 of 33
Sector (Medical Products) 8 of 13
Type (Add-on Acquisition) 18 of 28
State (Colorado) 1 of 1
Country (United States) 13 of 19
Year (2017) 4 of 7
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-22 Electrical Geodesics

Eugene, Oregon, United States

Electrical Geodesics, Inc. is a medical device company that designs, develops, and commercializes a range of non-invasive technologies used to monitor and interpret brain activity. Electrical Geodesics, Inc. was established in 1992 and is headquartered in Eugene, Oregon.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-04 Health and Parenting

London, United Kingdom

Health and Parenting Ltd. is a developer of healthcare and family-related mobile applications for expectant and new parents. Health and Parenting Ltd. was established in 2012 and is headquartered in London, UK.

Buy -
Mergr

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