Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire
Capsule's Medical Device Information Platform - comprised of device integration, vital signs monitoring and clinical surveillance services - connects almost all existing medical devices and EMRs in hospitals through a vendor-neutral system. Capsule's platform captures streaming clinical data and transforms it into actionable information for patient care management to enhance patient outcomes, improve collaboration between care teams, streamline clinical workflows and increase productivity.
The acquisition of Capsule is a strong fit with Philips' strategy to transform the delivery of care along the health continuum with integrated solutions. Philips' current portfolio already includes real-time patient monitoring, therapeutic devices, telehealth, informatics and interoperability solutions. The combination of Philips' industry-leading portfolio with Capsule's leading Medical Device Information Platform, connected through Philips' secure vendor-neutral cloud-based HealthSuite digital platform, will greatly enrich and scale Philips' patient care management solutions for all care settings in the hospital, as well as remote patient care.
The acquisition of Capsule will further expand our patient care management offering. We look forward to integrating our strengths, adding a vendor-neutral medical device integration platform that further unlocks the power of medical device data to enhance patient monitoring and management, improve collaboration and streamline workflows in the ICU, as well as other care settings in the hospital and beyond its walls.
Chief Business Leader Connected Care at Royal Philips.
'Integrated patient care management solutions supported by essential real-time patient data and AI are core to our strategy to improve patient outcomes and care provider productivity by seamlessly connecting care,' said
'We are very excited to become part of Philips and step up on our goal of empowering clinicians with simplified workflows and timely, actionable insights,' said
Founded in 1997, Capsule is headquartered in
Philips will acquire Capsule for a cash consideration of
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