Royal Philips NV is selling its emergency care business to US-based investment firm Bridgefield Capital to focus on larger units that are more profitable.

Philips has signed an agreement for the sale of its Emergency Care business to US-based investment firm Bridgefield Capital. This move comes as part of Philips' strategic refocus, as unveiled in ...

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

WASHINGTON, Jan. 28, 2025 /PRNewswire/ -- Bridgefield Capital, a private investment firm specializing in corporate carve-outs and special situations, announced today that it has entered into a ...

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.

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.

Terms of the transaction were not disclosed. The Philips Emergency Care Business serves as a key element of Bridgefield Capital's strategy to invest in the emergency medical products market ...