BALTIMORE, MD–Philips Holding USA, a unit of Roayl Philips Electroinics of the Netherlands, has acquired Baltimore-based VISICU for $427 million in cash.
Both companies develop hospital monitoring systems.
VISICU, which is no longer listed on the Nasdaq exchange, raised $96 million in its April 2006 IPO.
The hospital monitoring systems tracj patient data and audio and video feeds from a central location.
On the Web: www.visicu.com
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