Philips Acquiring Visicu | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Philips Acquiring Visicu

December 18, 2007
by root
| Reprints

Amsterdam-based Royal Philips Electronics is acquiring Visicu Inc., a provider of ICU remote-monitoring technology, for approximately $430 million.

The organizations stated that by integrating Visicu's remote patient-monitoring and clinical decision-support technology with Philips' patient monitors, they expect to accelerate growth. Upon completion of the acquisition, Philips intends to capitalize on its sales channel network to accelerate Visicu’s adoption by ICUs at U.S. hospitals, while internationalizing Visicu’s activities and migrating its technologies into other departments within the hospital. Philips believes leveraging Visicu’s and Emergin’s clinical IT capabilities will also accelerate growth in its existing patient-monitoring business. Philips announced it was acquiring Emergin in early December.

Philips plans to acquire the entire share capital of Visicu for $12 per share. The board of Visicu has approved the transaction and has recommended that Visicu shareholders vote their shares in favor of the merger. The transaction is expected to close in the first quarter of 2008.

Founded in 1998, Visicu has a staff of approximately 100, which includes clinicians, software developers, sales and client services personnel.

Topics

News

Report: Healthcare Organizations Struggle with Human Error in Securing PHI

In the first nine months of 2017, unintended disclosure accounted for 41 percent of healthcare data breach incidents, according to a report from specialist insurer Beazley.

Three More Providers Receive 2017 HIMSS Davies Awards

Three patient care organizations have received the 2017 global Healthcare Information and Management Systems Society (HIMSS) Enterprise Nicholas E. Davies Award of Excellence for healthcare technology innovations that improve patient outcomes.

Medtronic, American Well Team Up to Integrate Telehealth Capabilities

Medtronic and American Well announced a partnership to offer a telehealth solution focused on the unique needs of the complex, chronic, co-morbid patient population.

Medsphere Merges with RCM Vendor Stockell

Medsphere Systems Corp., developer of the OpenVista electronic health record, is merging with Stockell Healthcare Systems, which offers a suite of revenue cycle management tools.

Report: Insider Threats to Patient Data Remain Unnoticed

Of the reported healthcare data breach incidents that occurred in September, it took an average of 387 days for healthcare organizations to discover a breach had occurred, according to a report from cybersecurity software company Protenus.

Reports: Ex-Pharma Exec Alex Azar Emerges as Trump’s Top Pick for HHS Secretary

President Donald Trump could be on the verge of tapping Alex Azar, a former pharmaceutical industry executive and George W. Bush administration official, as the next HHS Secretary, according to media reports.