Philips to acquire Capsule Technologies for $635m.

Philips, a provider of health technology equipment, agreed to acquire Capsule Technologies, a provider of medical device integration and non-critical care patient monitoring solutions, for $635m. “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. 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," Roy Jakobs, Philips Chief Business Leader Connected Care.