Argus Partners advises Philips India on sale of its emergency care business

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.

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