Argus Partners has advised Philips India on the sale of its emergency care business in India.
This transaction forms part of a broader global deal in which Philips' emergency care business was acquired by Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital.
Following the acquisition, the business will operate as Heartstream, continuing to manufacture and market emergency care products under a long-term Philips brand licensing agreement.
The team at Argus Partners advising Philips India consisted of Adity Chaudhury (Partner), Arka Majumdar (Partner) and Anika Sharma (Associate).
Heartstream is a global emergency care company with nearly four decades of leadership in emergency medicine technology.
The acquisition marks the launch of Emergency Care Holdings' global platform strategy, aimed at building a leading portfolio of emergency medical technology companies serving the pre-hospital care market.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.