# Philips to acquire Spectranetics for $1.9 billion

Royal Philips has agreed to acquire The Spectranetics Corporation for $38.50 per share in cash, implying an enterprise value of approximately €1.9 billion. The acquisition will expand Philips' image-guided therapy business.

- Type: Acquisition
- Announced: 2017-06-28
- Where: Colorado Springs, Colorado, United States
- Value: $2.17B (1.90B EUR)
- Status: announced
- Products: image-guided therapy devices, vascular intervention devices, lead management solutions, drug-coated balloon
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Royal Philips](https://endata.com/companies/25215.md) (acquirer)
- [The Spectranetics Corporation](https://endata.com/companies/25216.md) (target)

## Sources

- [philips.com](https://www.philips.com/a-w/about/news/archive/standard/news/press/2017/20170628-philips-to-acquire-the-spectranetics-corporation-to-accelerate-expansion-in-image-guided-therapy-devices-to-treat-cardiac-and-peripheral-vascular-disease.html), 2017-06-28: "Philips to acquire The Spectranetics Corporation to accelerate expansion in image-guided therapy devices to treat cardiac and peripheral vascular disease"
- [gazette.com](https://gazette.com/2017/06/29/dutch-company-to-acquire-colorado-springs-based-spectranetics-4a6771a5-811d-50f0-82c0-bf97b486791e/), 2017-06-29: "A company like Spectranetics is a very desirable community citizen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.