Emergin, a US-based developer of software that is used to transmit medical alarm signals throughout hospitals, is to be bought by Philips for an undisclosed fee.
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.
According to Philips, Emergin’s alarm management and event notification software helps ensure that critical information is sent rapidly to the right caregiver on the communication platform of their choice, such as pager, mobile ‘phone or PDA.
The acquisition of Emergin will enable Philips to integrate the functionality offered by Emergin’s software directly into Philips’ current and future patient monitoring products. In 2006 the global market for patient monitoring equipment was worth approximately €2bn.
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