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 definitive
agreement to acquire the Philips Emergency Care Business from
Royal Philips N.V. (NYSE: PHG). The
transaction is expected to close later in 2025, subject to
satisfaction of certain closing conditions and customary regulatory
approvals. 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 through its newly formed holding company, Emergency
Care Holdings. This market, valued at over $26 billion, presents a compelling opportunity
for growth and innovation. Bridgefield plans to leverage the
strength of the Philips Emergency Care acquisition to establish a
high-value platform, expanding its presence in this dynamic and
rapidly evolving industry. With a focus on building a robust
portfolio of complementary products and solutions, Bridgefield is
committed to creating a leading business that addresses critical
healthcare needs while delivering long-term value.
The Philips Emergency Care Business is a cornerstone of global
emergency care, operating in over 130 countries with a large
installed base of more than 3 million Automated External
Defibrillators (AEDs) and Advanced Life Support (ALS) devices
worldwide. Supported by a robust network of 480 global distribution
partners, the business has established itself as a trusted provider
of life-saving technologies in communities, workplaces, and
hospitals.
"At Bridgefield, we focus on investment opportunities where we
can create value by building strong, standalone platforms in
attractive industry segments," said Joseph
Mathews, Managing Director of Bridgefield Capital. "We are
thrilled to acquire the Philips Emergency Care Business, a
top-three global player in the dynamic and rapidly growing
emergency medical market. This business exemplifies everything we
look for in an exceptional investment—industry leadership,
innovation, and a proven ability to deliver life-saving solutions
on a global scale. We are excited to support its next phase of
growth as a focused, standalone entity."
Bridgefield's strategy focuses on identifying exceptional
businesses with talented teams that have the potential to thrive as
focused, standalone entities once separated from their larger
corporate parents. With the acquisition of the Philips Emergency
Care Business, Bridgefield plans to prioritize manufacturing
excellence, strengthen its supported distribution network, and
unlock new opportunities for growth and innovation.
"As a focused and agile standalone entity, the Philips Emergency
Care Business can concentrate on its core mission, innovate
rapidly, and deliver exceptional value to its customers and
communities worldwide," said Richard
Foster, Managing Director at Bridgefield. "We are excited to
support the talented management team, its' committed employees and
dedicated group of global distributors, as together we realize the
global life-saving potential of this essential company."
The Vital Role of the Philips Emergency Care Business in
Saving Lives
The Philips brand of emergency care solutions includes the #1
globally recognized brand in the automatic external defibrillator
(AED) market, with a long and storied legacy tracing back to the
late 1990s when it pioneered the industry with the introduction of
biphasic waveform AEDs, a technology that has since become the
industry standard. The Philips Emergency Care Business plays a
vital role in addressing sudden cardiac arrest (SCA), a leading
global health issue responsible for over 4.25 million deaths
annually. The company's products and services empower caregivers at
every level—lay responders, emergency medical services (EMS), and
hospitals—to act swiftly and effectively to save lives. With nearly
40 years of experience in Advanced Life Support (ALS) technologies,
starting with the CodeMaster series of defibrillator monitors,
Philips has built a legacy of trust, innovation, and
leadership.
Its AEDs are essential for public locations and are increasingly
adopted in home settings, where accessibility is critical, as
survival rates drop by 10% with each passing minute during an
emergency. For EMS and fire services, Philips offers rugged,
compact monitor-defibrillators like Tempus, equipped with vital
sign monitoring, defibrillation, CPR, and pacing features, enabling
paramedics to provide high-quality care in mobile environments. In
hospitals, manual defibrillators like the DFM 100 are tailored for
crash carts and lab applications, offering ease of use and seamless
integration into clinical workflows.
Supported by advanced informatics solutions, the Philips
Emergency Care Business ensures device readiness and allows EMS
teams and hospitals to transfer patient data seamlessly for
improved care coordination, compliance reporting, and continuous
improvement. With a robust product portfolio, a strong distribution
network, and unmatched brand heritage, the Philips Emergency Care
Business is indispensable in the fight against sudden cardiac
arrest and advancing global emergency care standards.
About Bridgefield Capital
Founded in 2015, Bridgefield Capital is a private investment
firm led by Joseph Mathews and
Richard Foster. Specializing in
mid-sized companies navigating transitions or positioned for
growth, Bridgefield has a proven track record of unlocking value
and driving sustainable growth.
Bridgefield brings the resources, strategic insights, and
operational expertise necessary to help businesses thrive as
independent entities. The firm is particularly skilled in executing
complex corporate carveouts, transitioning high-potential divisions
from larger parent corporations into focused, high-performing
operations. By supporting corporate focus, optimizing management
practices, and executing strategic growth initiatives, Bridgefield
consistently creates self-sustaining companies that deliver
exceptional long-term value.
For further information, please contact:
Bridgefield Capital
Email: media@bridgefieldcapital.com
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SOURCE Bridgefield Capital Management, LLC
