Amsterdam-based Royal Philips Electronics is acquiring Boca Raton, Fla.-based Emergin Inc., a provider of software that transmits medical alarm signals throughout hospitals.
According to Philips, the acquisition will allow it to expand its presence in the patient monitoring business, enabling it to integrate the functionality offered by Emergin's software directly into Philips' current and future patient monitoring products. Philips also expects to capitalize on Emergin's relations with hospital CIOs, the company stated.
The transaction is expected to close in the fourth quarter of 2007, upon which Emergin will become part of the Patient Monitoring business unit within Philips' Healthcare sector.
The terms of the deal were not disclosed.
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