How Will Philips Acquisition of BioTelemetry Impact The Cardiac Monitoring Market?

09th February 2021 – Written by Kelly Patrick – Featured on HIT Consultant – At the end of December 2020, Philips announced the planned acquisition of BioTelemetry for $2.8 billion in cash.

– BioTelemetry was formed in 2013 after a series of acquisitions from the initial founding company CardioNet, Inc.

– CardioNet, Inc. based in San Diego, USA was initially founded in 1994.

– After a multitude of acquisitions in recent years, BioTelemetry has established itself as a leading cardiac powerhouse, specializing in mobile and wireless medical technology. After this rapid acquisition program spanning the last decade, BioTelemetry now has a majority share of the remote cardiac monitoring market.