Philips has signed an agreement for the sale of its Emergency Care business to US-based investment firm Bridgefield Capital.

Philips will sell its emergency care business to investment firm Bridgefield Capital for an undisclosed amount. The deal is expected to close later this year, the companies said Tuesday.

Bridgefield Capital to acquire Royal Philips' emergency care business, expanding its presence in the $26 billion market. Transaction expected to close in 2025.

Philips has agreed to sell its emergency care business to Washington D.C.-based investment firm Bridgefield Capital, the companies announced on Tuesday. They did not disclose the terms of the deal.

The deal includes a licensing agreement that allows the sold business to use the Philips brand for up to 15 years.

Philips (PHG) has entered into a definitive agreement with Bridgefield Capital, a private investment firm specializing in corporate carve-outs ...

Bridgefield Capital, a private investment firm, Tuesday announced a definitive agreement to acquire the Philips Emergency Care ...