Philips Extends Leadership In Patient Monitoring By Buying BioTelemetry For $2.8Bn

Philips has agreed to pay $2.8bn for BioTelemetry, Inc., dramatically expanding its market-leading patient care monitoring business.

Philips claims the top position in the hospital patient monitoring services, respiratory care and sleep care markets. BioTelemetry is the largest provider of cardiac diagnostics and monitoring outside of hospitals.