Royal Philips

Philips to acquire The Spectranetics Corporation

Friday, June 30, 2017

Royal Philips, a global leader in health technology, and The Spectranetics Corporation, a U.S.-based global provider of vascular intervention and lead management solutions, have entered into a definitive merger agreement. Pursuant to the agreement, Philips will commence a tender offer to acquire all of the issued and outstanding shares of Spectranetics for $38.50 per share, to be paid in cash upon completion. This represents a 27% premium to Spectranetics closing price on June 27, 2017. The implied enterprise value is approximately EUR 1.9 billion, inclusive of Spectranetics’ cash and debt. The board of directors of Spectranetics has approved the transaction and recommends the offer to its shareholders. The transaction is expected to close in the third quarter of 2017.

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Philips, Illumina partner on integrated genomics solutions for oncology

Monday, January 9, 2017

Royal Philips, a global leader in health technology, and Illumina, a global leader in DNA sequencing and array-based technologies, has announced a strategic collaboration that aims to integrate Illumina’s sequencing systems for large-scale analysis of genetic variation and function and Philips’ IntelliSpace Genomics clinical informatics platform, and to coordinate marketing and sales of the resulting solutions. Philips and Illumina will also seek to engage in clinical research collaborations with health systems in the U.S. that want to develop precision medicine programs in oncology.

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Philips, salesforce.com ink agreement for cloud-based healthcare information technology

Monday, June 30, 2014

Royal Philips, a healthcare technology company, and salesforce.com, a provider of customer relationship management software, have announced a strategic alliance to deliver an open, cloud-based healthcare platform, leveraging Philips’ medical technology, clinical applications and clinical informatics and salesforce.com’s experience in enterprise cloud computing, innovation and customer engagement.

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