# 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.

- Type: Partnership
- Announced: 2017-07-10
- Status: announced
- Products: MR-guided high intensity focused ultrasound systems, Sonalleve MR-HIFU
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Royal Philips](https://endata.com/companies/25215.md) (partner)
- [Profound Medical](https://endata.com/companies/25501.md) (partner)

## Sources

- [beckershospitalreview.com](https://www.beckershospitalreview.com/healthcare-information-technology/philips-profound-medical-expand-ultrasound-ablation-therapies-collaboration/), 2017-07-10: "The expanded partnership will increase the scale of Phillips’ MR-guided high intensity focused ultrasound business."

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