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

 
• By Reed Miller

Philips is already the leader in hospital patient monitoring and adding BioTelemetry will make it also the top provider of ambulatory cardiac diagnostics and monitoring systems.

Philips
• Source: shutterstock.com

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

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