Philips acquires US-based heart monitoring specialists for $2.8B
Royal Philips has acquired BioTelemetry, a Pennsylvania-based healthcare technology company focused on remote cardiac diagnostics and monitoring, for $2.8 billion. BioTelemetry was founded in 2004, when it was known as CardioNet. The company reincorporated as BioTelemetry in 2013 after making a series of acquisitions of its own. Its sales in…