On June 28, Philips, one of the world's three largest medical device giants, announced that it will acquire Spectranetics Corp., a US minimally invasive surgical medical device manufacturer, for 1.9 billion euros ($2.16 billion) to expand its image guidance worldwide. The leading edge of the therapeutic market.
The transaction will be fully paid in cash and is expected to be completed in the third quarter of this year.
Philips business is greatly adjusted, medical layout continues to expand
As a Dutch century-old store that started with the production of light bulbs, Philips' traditional business areas range from healthcare to quality living to lighting and consumer electronics.
However, in recent years, Philips has been making business adjustments, divesting its consumer electronics business in 2013, and splitting its lighting business in 2016. At the same time, Philips continues to increase its investment and focus more on the health care business with faster growth and higher profits.
Healthcare is Philips' largest business unit today, with products covering diagnostic imaging, image-guided therapy, patient monitoring, health information, and consumer health and home care.
Currently, Philips is a leader in the global image guided therapy market. According to statistics, the intervening X-ray system sold in the global market, from Philips, these systems can provide visual images to help clinicians transport catheters to the target site to achieve minimally invasive surgery.
The Spectranetics, which was purchased by Philips for $10 billion, was founded in 1984 and is headquartered in Colorado, USA. It can manufacture image-guided treatment devices for various minimally invasive cardiovascular procedures, such as laser systems and aspiration catheters. .
In 2016, Spectranetics sales revenue was approximately $271 million. Philips expects Spectranetics to achieve double-digit growth this year, with annual sales expected to reach $2.9-306 million.
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