December 4, 2007 - Royal Philips Electronics announced it will acquire US-based Emergin Inc., a provider of software utilized to rapidly transmit medical alarm signals throughout hospitals, and will expand the use of information technology in healthcare – and specifically in its patient monitoring business – to improve patient outcomes and help hospitals work more efficiently.
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.
Emergin’s alarm management and event notification software helps ensure that critical information is sent rapidly to the right caregiver on the personal communication device of their choice – be it a pager, wireless telephone, PDA or LED sign. Emergin’s software has wide acceptance among hospital chief information officers (CIOs), who increasingly play a central role in the purchasing decisions at hospitals. 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. Philips also expects to capitalize on Emergin’s strong relations with hospital CIOs. Philips has a leading position in the global patient monitoring market, which in 2006 was estimated to be approximately EUR 2 billion or approximately USD 3 billion.
For more information: www.medical.philips.com