AFX News Limited Philips to buy US medical software company Emergin for undisclosed sum ,

AMSTERDAM (Thomson Financial) - Royal Philips Electronics NV said it is to buy US medical software company Emergin. Financial details were not disclosed. Based in Boca Raton, Florida, Emergin designs and sells software that is used to transmit medical alarm signals throughout hospitals. The company is expected to have approximately 18 mln usd in sales this year and employs 100 staff. The deal is expected to close at the end of this year.

By Kaj Leers, kaj.leers@thomson.com kel/slj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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