Philips expands partnership with Profound Medical, takes minority stake

Royal Philips agreed to widen its partnership with Profound Medical, transferring its Sonalleve MR-HIFU ultrasound business to Profound Medical and acquiring a 12% minority interest (7.4 million common shares). The transaction is expected to close in H2 2017.

“The expanded partnership will increase the scale of Phillips’ MR-guided high intensity focused ultrasound business.”beckershospitalreview.com

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• beckershospitalreview.comPhilips, Profound Medical expand ultrasound ablation therapies collaboration - Becker's Hospital Review | Healthcare News & AnalysisAnuja VaidyaJul 10, 2017

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