M&A Deal Summary

Philips Acquires Vesper Medical

On December 14, 2021, Philips acquired medical products company Vesper Medical from Gilde Healthcare

Acquisition Highlights
  • This is Philips’ 13th transaction in the Medical Products sector.
  • This is Philips’ 19th transaction in the United States.
  • This is Philips’ 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-12-14
Target Vesper Medical
Sector Medical Products
Buyer(s) Philips
Sellers(s) Gilde Healthcare
Deal Type Add-on Acquisition

Target

Vesper Medical

Wayne, Pennsylvania, United States
Vesper Medical is a medical device company dedicated to the development of a novel venous stent for the treatment of a variety of venous diseases. The Company had achieved CE Mark and has initiated the VIVID trial in the US for FDA approval. Vesper Medical was founded in 2016 and is based in Wayne, 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 33 of 33
Sector (Medical Products) 13 of 13
Type (Add-on Acquisition) 28 of 28
State (Pennsylvania) 4 of 4
Country (United States) 19 of 19
Year (2021) 3 of 3
PREVIOUS 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 -

Seller(S) 1

SELLER

Gilde Healthcare

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B EUR
Size Large
Type Sector Focused
DESCRIPTION

Gilde Healthcare is a specialist private equity and venture investor focused on the healthcare sector. The Firm's buyout group targets majority investments throughout Europe (preference for Germany, the Netherlands, Belgium, Austria or Switzerland) and has a focus on healthcare providers, suppliers and service providers active in the healthcare market. The Firm's venture group looks to invest in early stage medtech, diagnostics, digital health and therapeutics companies throughout North America and Europe. Gilde Healthcare was established in 2001 and is headquartered in Utrecht, the Netherlands.

DEAL STATS #
Overall 29 of 30
Sector (Medical Products) 7 of 7
Type (Add-on Acquisition) 15 of 15
State (Pennsylvania) 1 of 1
Country (United States) 6 of 6
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 DETAX

Ettlingen, Germany

DETAX is a specialist in polymer materials, the group offers its customers a comprehensive product portfolio of dental and otoplastic consumables. The group serves an international, broadly diversified, and loyal customer base. End-users of the products include dental practices, dental laboratories as well as audiologists, and audio laboratories. DETAX was founded in 1953 and is based in Ettlingen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 EUROPIN

Trencianske Stankovce, Slovakia

EUROPIN develops and manufactures medical needles, such as pen cannulas and lancet needles for medical and pharmaceutical applications with a focus on injection systems for self-medication in the field of diabetes and hormone therapies. EUROPIN was founded in 1997 and is based in Trencianske Stankovce, Slovakia.

Buy -
Mergr

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