Philips acquires the IoT medical company Capsule Technologies

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Philips is taking over the US Capsule Technologies. That company makes hospital systems that can monitor the situation of patients. Philips pays $ 635 million for the company and supposes it will be able to benefit from the acquisition with a higher turnover and profit margin this year.

On the Capsule system medical equipment from almost all manufacturers can be connected. The data will then be pooled and monitored, after which important changes will be passed on to doctors or nurses. Philips has long been committed to smart automation in care and sees Capsule as a good addition to its own products.

Philips expects the acquisition to be completed in the current quarter.


By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to leah.kunze@economicinform.com

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