M&A Deal Summary

Philips Acquires Xhale Assurance

On August 29, 2018, Philips acquired technology hardware company Xhale Assurance

Acquisition Highlights
  • This is Philips’ 1st transaction in the Technology Hardware sector.
  • This is Philips’ 15th transaction in the United States.
  • This is Philips’ 2nd transaction in Florida.

M&A Deal Summary
Date 2018-08-29
Target Xhale Assurance
Sector Technology Hardware
Buyer(s) Philips
Deal Type Add-on Acquisition

Target

Xhale Assurance

Gainesville, Florida, United States
Xhale Assurance, Inc. is a US-based scale-up company developing and commercializing next-generation sensor technologies. Xhale Assurance’s unique, disposable pulse oximetry sensor is placed on the wing (ala) of the nose, and can reliably measure and transmit a patient’s heart rate and blood oxygenation under low perfusion (diminished blood circulation) conditions that are challenging for conventional fingertip pulse oximetry sensors.

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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 28 of 33
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 23 of 28
State (Florida) 2 of 2
Country (United States) 15 of 19
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 NightBalance B.V.

The Hague, Netherlands

NightBalance B.V. is a digital health scale-up company commercializing an innovative, easy to use device to treat positional obstructive sleep apnea and positional snoring. NightBalance B.V. was established in 2009 and is based in The Hague, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 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.

Sell -
Mergr

Product

Company

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