Royal Philips Acquires Capsule Technologies from Francisco Partners for $635M

Francisco Partners Acquires Qualcomm Life (to be Renamed Capsule Technologies)

February 11, 2019

Medical Devices

Francisco Partners has acquired Qualcomm Life, a wholly owned subsidiary of Qualcomm Incorporated, and will separate and rename it Capsule Technologies, Inc. The business will continue operating its Capsule hospital device connectivity offering and its 2net medical-grade mobile connectivity platform as an independent healthcare technology company; terms were not disclosed.

Capsule Technologies Acquires Bernoulli Health

April 30, 2019

Healthcare Services

Capsule Technologies, a provider of medical device integration and patient monitoring solutions, has acquired Bernoulli Health and its Bernoulli One real-time clinical surveillance solution. The acquisition extends Capsule’s clinical platform with patient data visualization and real-time surveillance capabilities to improve early detection of patient deterioration and overall patient safety.

Philips Acquires Analytical Informatics, Inc.

November 24, 2017

Healthcare Services

Royal Philips has acquired US-based startup Analytical Informatics, Inc. to integrate the company's vendor-agnostic radiology workflow and analytics tools into Philips' PerformanceBridge radiology portfolio. The acquisition is intended to accelerate Philips' roadmap for Radiology Solutions by expanding operational intelligence, workflow optimization and data-driven decision support for imaging departments and enterprise customers; financial terms were not disclosed.

Capsa Healthcare (LLCP Portfolio) Acquires RoboPharma (NewRobo Development B.V.)

August 14, 2020

Medical Devices

Capsa Healthcare, a portfolio company of Levine Leichtman Capital Partners, has acquired NewRobo Development B.V. (doing business as RoboPharma), a Netherlands-based provider of pharmacy automation solutions. The acquisition expands Capsa's pharmacy automation product portfolio, enhances engineering and support capabilities, and strengthens its geographic presence in Europe and the United States.

Royal Philips to Acquire BioTelemetry, Inc. for $2.8B

December 18, 2020

Healthcare Services

Royal Philips has agreed to acquire BioTelemetry, Inc. in a cash tender offer of USD 72.00 per share, implying an enterprise value of approximately USD 2.8 billion. The deal combines Philips' hospital patient-monitoring capabilities with BioTelemetry's remote cardiac diagnostics and monitoring services (which serve over 1 million patients annually and had 2019 sales of about USD 439 million) to expand Philips' patient care management offerings across hospital and home settings.

Royal Philips Acquires Blue Willow Systems

October 3, 2018

Healthcare Services

Royal Philips has acquired Vancouver-based Blue Willow Systems, a developer of a cloud-based senior living resident safety platform that includes Bluetooth-enabled wearables, real-time location tracking and enterprise reporting. The acquisition augments Philips' CarePoint 6.0 senior living platform by adding SaaS-based resident and staff management capabilities; financial terms were not disclosed.