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  6. Siemens Healthcare USA Acquires Penrith

M&A Deal Summary

Siemens Healthcare USA Acquires Penrith

On September 17, 2012, Siemens Healthcare USA acquired manufacturer Penrith

Acquisition Highlights
  • This is Siemens Healthcare USA’s 1st transaction in the Manufacturing sector.
  • This is Siemens Healthcare USA’s 2nd transaction in the United States.
  • This is Siemens Healthcare USA’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2012-09-17
Target Penrith
Sector Manufacturing
Buyer(s) Siemens Healthcare USA
Deal Type Add-on Acquisition
Advisor(s) Covington Associates (Financial)

Target

Penrith

Plymouth Meeting, Pennsylvania, United States
Penrith Corporation manufactures and distributes an integrated ultrasound imaging system and nerve stimulation system.

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Buyer(S) 1

Buyer

Siemens Healthcare USA

Malvern, Pennsylvania, United States
Category Company
Founded 2011
Sector Healthcare Services
Employees51,000
DESCRIPTION

Siemens Healthcare Sector is one of the world's largest suppliers to the healthcare industry and a trendsetter in medical imaging, laboratory diagnostics, medical information technology and hearing aids.

DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-08 MobileMD

Warminster, Pennsylvania, United States

MobileMD, Inc. provides a managed service health information exchange (HIE) that enables the direct connection and exchange of administrative and clinical information between hospitals and physicians via a SaaS platform.

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