Royal Philips Electronics
and
Health Watch Holdingsrecently announced that Philips will acquire Health Watch, a US-based, privately held provider of personal emergency response services, for approximately $130m in cash. The transaction is expected to close in the second quarter of 2007.
According to a statement, the acquisition of Health Watch represents a further step for Philips in building up its presence in the consumer healthcare market.
Health Watch will add over 100,000
Philips Lifeline’s and Health Watch’s twenty-four hour a day services give independently minded senior citizens the confidence to maintain an active life at home. If they require help, they can send an alert to a monitoring centre indicating they need assistance. Two-way communication allows an operator to establish the nature of the problem so that appropriate action can be taken.
PMI falls as manufacturers feel the squeeze
17 months or two and a half years - which is it?