Philips Philandering

June 24, 2011
Netherlands-based Philips has made 3 acquisitions this month: 1. Emergin - a Boca Raton-based maker of wireless alarms for hospitals, doing about

Netherlands-based Philips has made 3 acquisitions this month:

1. Emergin - a Boca Raton-based maker of wireless alarms for hospitals, doing about $20M in annual revenue; probably petty cash for Philips... 2. Visicu - a Baltimore-based provider of patient monitoring systems, a deal worth about $430M, maybe requiring two signatures on the check... 3. Respironics - a 5.1 Billion dollar deal for this respiratory-support system vendor, enough to distract even Bill Gates from giving our money away... What's up? The weakened dollar (buy any French wine lately?) Â makes US firms very attractive to foreign investors, with the Euro now worth almost double its value of a few years ago. Philips has dabbled in the US IT market before, when it tried to do a deal with Judy Faulkner's cult and re-brand EpiCare as Xtensis for small to mid-size hospitals. That deal went nowhere, so I guess now Philips has now decided to buy, rather than "partner" with US firms. Future prognosis? I wish someone in Philips or another giant multi-national would wake up and smell the Quadramed roses. Affinity is an excellent core HIS with 200 happy clients, adding Misys' Patient One (the old UltiCare) gives it an excellent EMR/CPOE front-end, and their stock price is so low they're buying it back themselves... Anyone know how to say "wake up" in Dutch? Â

Sponsored Recommendations

Going Beyond the Smart Room: Empowering Nursing & Clinical Staff with Ambient Technology, Observation, and Documentation

Discover how ambient AI technology is revolutionizing nursing workflows and empowering clinical staff at scale. Learn about how Orlando Health implemented innovative strategies...

Enabling efficiencies in patient care and healthcare operations

Labor shortages. Burnout. Gaps in access to care. The healthcare industry has rising patient, caregiver and stakeholder expectations around customer experiences, increasing the...

Findings on the Healthcare Industry’s Lag to Adopt Technologies to Improve Data Management and Patient Care

Join us for this April 30th webinar to learn about 2024's State of the Market Report: New Challenges in Health Data Management.

Findings on the Healthcare Industry’s Lag to Adopt Technologies to Improve Data Management and Patient Care

2024's State of the Market Report: New Challenges in Health Data Management