Visicu, Inc (EICU) Message Board

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Biotech / Medical : Visicu, Inc (EICU)

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From: JakeStraw	12/18/2007 8:14:41 AM
	of 7

Philips to buy U.S. Visicu for $430 mln reuters.com Tue Dec 18, 2007 4:46am EST AMSTERDAM, Dec 18 (Reuters) - Philips Electronics is buying U.S. medical systems and service provider Visicu Inc. (EICU) for about $430 million to boost its key medical products business, it said on Tuesday. Philips, the world's biggest lighting maker, a top three hospital equipment maker and Europe's biggest consumer electronics producer, expects to close the deal in the first quarter of 2008. Excluding $130 million in cash on Visicu's balance sheet, Philips said its cash offer represents an enterprise value of $300 million for Baltimore-based Visicu. It is paying $12 per share.

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