We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us

Download Mobile App




Events

02 Jun 2026 - 04 Jun 2026
17 Jun 2026 - 19 Jun 2026

Philips to Acquire Emergency-Response Firm

By HospiMedica staff writers
Posted on 14 Feb 2006

In a move intended to improve its position in the expanding home-monitoring market, Philips Medical Systems (Best, The Netherlands) has agreed to buy Lifeline Systems (Framingham, MA, USA) for U.S.$750 million, or five times its 2005 sales.

Lifeline Systems provides emergency-response services for senior citizens and disabled people and has annual sales of $150 million. More...
The deal is the biggest move yet by Philips to expand its consumer-health business. This latest purchase follows last year's acquisition of health-care technology company Stentor for $280 million.

Gerard Kleisterlee, chief executive of Philips Electronics (Amsterdam, Holland), sees higher-margin medical technology and health care as a key area for expansion, helping to make the Dutch company less dependent on volatile businesses such as semiconductors. The consumer-health division seeks to adapt technologies from the medical world and make them consumer friendly. One example is the company's home version of a defibrillator.



Related Links:
Philips Medical Systems
Lifeline Systems

Gold Member
12-Channel ECG
CM1200B
Gold Member
Handheld Blood Glucose Analyzer
STAT-Site
New
POC Respiratory/Sore Throat Test
BIOFIRE SPOTFIRE (R/ST) Panel
Medical Examination & Procedure Light
Vega 80
Read the full article by registering today, it's FREE! It's Free!
Register now for FREE to HospiMedica.com and get access to news and events that shape the world of Hospital Medicine.
  • Free digital version edition of HospiMedica International sent by email on regular basis
  • Free print version of HospiMedica International magazine (available only outside USA and Canada).
  • Free and unlimited access to back issues of HospiMedica International in digital format
  • Free HospiMedica International Newsletter sent every week containing the latest news
  • Free breaking news sent via email
  • Free access to Events Calendar
  • Free access to LinkXpress new product services
  • REGISTRATION IS FREE AND EASY!
Click here to Register








Channels

Surgical Techniques

view channel
Image: The Elyra TFL System uses thulium fiber laser technology for efficient stone dusting and reduced stone migration, with an air-cooled design for quieter, more compact operation (photo courtesy of BD

BD Launches Elyra Laser Platform for Kidney Stone and Soft Tissue Procedures

BD (Becton, Dickinson and Company) has introduced the Elyra Thulium Fiber Laser (TFL) System, an advanced laser platform developed to complete its kidney stone care portfolio for urology teams.... Read more
Copyright © 2000-2026 Globetech Media. All rights reserved.