Philips (PHG) has entered into a definitive agreement with Bridgefield Capital, a private investment firm specializing in corporate carve-outs and special situations, to sell its Philips Emergency Care Business to Bridgefield. The transaction is expected to close later in 2025, subject to satisfaction of certain closing conditions and customary regulatory approvals. Terms of the transaction were not disclosed. The Philips Emergency Care Business operates in over 130 countries with an installed base of more than 3 million Automated External Defibrillators and Advanced Life Support devices worldwide.
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