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...