In a deal aimed at broadening its image-guided therapy offerings, Philips Healthcare parent Royal Philips has agreed to acquire EPD Solutions, a developer of cardiac arrhythmia image-guided therapy technology.
Designed to help electrophysiologists navigate the heart, EPD's cardiac imaging and navigation system generates a 3D cardiac image and pinpoints the location and orientation of catheters during diagnostic and therapeutic procedures for cardiac arrhythmias, according to Philips. The acquisition will complement Philips' interventional imaging portfolio and allow the firm to bring to market new products for image-guided treatment of cardiac arrhythmias, the company said.
Philips said it will pay 250 million euros ($292 million U.S.) in cash for EPD, followed by deferred payments based on milestone achievement. The deal is subject to customary closing conditions and is expected to be finalized in July. EPD and its employees would then become part of Philips' Image-Guided Therapy business.
