Dynamic Healthcare M&A Database

Acquiring Party	Royal Philips Electronics (NYSE: PHG; AEX: PHI), a large international electronics manufacturer with substantial interests in medical imaging, patient monitoring and diagnostics.
Transferring Party	VISICU, Inc., a provider of patient monitoring IT systems for hospitals' intensive care units.
Sector	Data Management/ Healthcare IT
Date	December 18, 2007
Analysis Gives Philips a stronger presence in more hospitals. VISICU's technology, installed in some 180 hospitals, allows one caregiver to monitor as many as 100 patients at the same time. With the technology linked via telemedicine computer monitors, care teams are able to use software alerts to track patient vital trends and intervene earlier—before complications occur. This deal comes only two weeks after Philips announced it would acquire Emergin, a clinical IT company that specializes in medical alarm software. Deal value-- $430m on sales and operating profit run rates of $40.4m (10.7x) and $14.4m (30x), respectively.
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason.

Dynamic Healthcare M&A Database - 4Q07