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Philips Grows Image-Guided Intervention Focus With Spectranetics Buy

 
• By Marion Webb

In its second acquisition this month and fourth this year, Philips is buying US device maker Spectranetics Corp. for about $2bn to add laser atherectomy catheters to its vascular imaging line-up.

Royal Philips has signed a $2bn-deal to buy Spectranetics Corp., a US firm that specializes in developing laser atherectomy catheters for both coronary and peripheral indications, accelerating the firm's strategic expansion into image-guided therapy devices

This marks the firm's fourth acquisition so far this year (Also see "Philips Completes M&A Hat Trick With Neurodiagnostic Buy" - Medtech Insight, 22 June, 2017.). Just six days ago, the Dutch giant announced the acquisition of neurodiagnostic firm Electrical Geodesics Inc

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FDA Issues A Pair Of Early Alerts For Intravascular Catheters

 
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More from Device Area

Dexcom Puts Stelo On Amazon, Setting Up Consumer Showdown With Abbott

 
• By Shubham Singh

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Subsense Develops Nonsurgical, Nanoparticle-Based Brain-Computer Interface For Neurological Disorders

 
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