Philips Medical Systems of Andover, MA, has signed an agreement to acquire clinical IT and service provider Visicu of Baltimore for $12 per share.
The $430 million transaction would add Visicu's remote patient monitoring and clinical decision support technology to Philips' patient monitor portfolio.
Visicu's board of directors already has approved the proposal and has recommended that Visicu shareholders also support the acquisition. The transaction is expected to close in the first quarter of 2008.
Visicu's clinical IT systems are designed to enable critical care medical staff to monitor patients in hospital intensive care units (ICUs) from remote locations. The company's eICU Program offers real-time, 24/7 patient monitoring in ICUs and centrally networks critical care physicians and nurses to ICU beds using voice and video.
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