Philips expands its Monitoring & Analytics business with the acquisition of Xhale Assurance Inc

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    Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has acquired Xhale Assurance Inc, a US-based scale-up company developing and commercializing next-generation sensor technologies. Xhale Assurance’s unique, disposable pulse oximetry sensor is placed on the wing (ala) of the nose, and can reliably measure and transmit a patient’s heart rate and blood oxygenation under low perfusion (diminished blood circulation) conditions that are challenging for conventional fingertip pulse oximetry sensors. This technology will broaden and differentiate Philips’ existing portfolio of oxygen saturation monitoring solutions and allow the company to expand into a currently underserved clinical segment. Financial details of the transaction were not disclosed.