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Philips breaks into US cardiac monitoring

This article was originally published in Clinica

Executive Summary

Philips is set to expand its cardiology offering by purchasing home cardiac monitoring specialist Raytel Cardiac Services for $110m. The all-cash deal, expected to close in the fourth quarter of 2007, will see Raytel, plus other ancillary operations related to its parent company SHL Telemedicine's US cardiac monitoring business, transfer to Philips' Home Healthcare Solutions business and rebranded under the Philips name.

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