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Philips Puts Its Money On Electrical Geodesics – The Universal Brain Flashlight

 
• By Ashley Yeo

The new-found interest in – and diagnostic and therapeutic potential of – EEG was described to In Vivo by Electrical Geodesics co-founder Ann Bunnenberg during the 2017 GMTCC in May. Not two months later, Philips had made the Oregon company another of its 2017 M&A conquests.

In paying £29 million ($37 million) to acquire Electrical Geodesics Inc., the Eugene, OR-based developer of non-invasive technologies for monitoring brain activity, Philips Healthcare has bought a relatively small company ($14.3 million sales in 2016) that significantly extends its reach in neurological disorders such as stroke, epilepsy, traumatic brain injury and Parkinson’s disease. [See Deal]

The deal was signed on June 22, and like the one for Spectranetics, was slated to close in the third...

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