Report: Philips plans big medical acquisitions

A June 8 article on Bloomberg.com said that Royal Philips is hoping to make "billion-dollar-plus" acquisitions in healthcare as it looks to invest proceeds from the spin-off of its Lighting division.

The article quoted CEO Frans van Houten as saying that deals in the healthcare informatics segment are particularly attractive. Such acquisitions would be similar to the company's 2014 acquisition of interventional firm Volcano, but the company could also pursue smaller deals, he said.

Philips, the parent firm of Philips Healthcare, last month spun off its Lighting division into a separate company, raising 750 million euros ($835 million U.S.) in the process. While Philips floated only a 25% stake in Lighting to the public, it intends to offer additional shares over time to continue to raise cash, van Houten said.

Van Houten noted that Philips does not have any active deals in the works right now.

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