Bridgefield Capital, a private investment firm focused on corporate carve-outs and special situations, is to acquire the Philips Emergency Care Business from Royal Philips NV, with the deal expected to close in late 2025, subject to regulatory approvals and customary closing conditions.
Financial details of the transaction have not been disclosed.
The acquisition marks a significant move for Bridgefield Capital, which is aiming to strengthen its presence in the $26bn emergency medical products market. The firm plans to integrate the business into its newly formed holding company, Emergency Care Holdings, with a focus on expanding its portfolio and driving innovation in emergency medical solutions.
The Philips Emergency Care business is a well-established name in global emergency care, operating in over 130 countries with an installed base of more than three million Automated External Defibrillators (AEDs) and Advanced Life Support (ALS) devices. It is supported by a distribution network of 480 partners worldwide and provides life-saving technologies across public spaces, workplaces, emergency medical services (EMS), and hospitals.
Bridgefield sees the acquisition as an opportunity to enhance the business’s market position. In a press statement Joseph Mathews, Managing Director of Bridgefield Capital, emphasised the firm’s commitment to fostering independent growth. “We focus on investment opportunities where we can build strong, standalone platforms in attractive industry segments,” he said. “The Philips Emergency Care Business is a global leader in the rapidly growing emergency medical market, with a proven track record of innovation and delivering life-saving solutions. We look forward to supporting its next phase of growth.”
