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Philips scoops up BioTelemetry for $2.8B in big bet on remote care

Dec. 18, 2020 5:06 AM ETKoninklijke Philips N.V. (PHG) StockPHGBy: Yoel Minkoff, SA News Editor6 Comments
  • Philips (NYSE:PHG) has agreed to buy U.S. cardiac diagnostics and monitoring firm BioTelemetry (NASDAQ:BEAT) for $2.8B, sending shares of the latter up 15% in premarket trade. Philips will pay $72 per outstanding BioTelemetry share in cash, marking a 16.5% premium to

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