Philips to Acquire Cardiologs

Royal Philips https://www.philips.com has signed an agreement to acquire Cardiologs https://cardiologs.com, a medical technology company focused on transforming cardiac diagnostics using Artificial Intelligence (AI) and cloud technology.

Cardiologs founded in 2014 and headquartered in Paris with approximately 20 employees, largely employs software engineers and data scientists with expertise in AI and deep learning algorithms.

Cardiologs will strengthen Philips’ cardiac monitoring and diagnostics offering with innovative software technology, ECG, analysis, and reporting services. The acquisition of Cardiologs is a strong fit with Philips’ existing portfolio of cardiac care solutions.

This includes real-time patient monitoring, therapeutic devices, telehealth and informatics for the hospital as well as ambulatory cardiac diagnostics and monitoring solutions, that were added through the recent acquisition of Bio Telemetry, Inc.

Cardiologs will also offer a vendor-neutral heart disorder screener and ECG analysis applications, based on machine learning algorithms. Developed in partnership with physicians, Cardiologs’ technology accelerates diagnostic reporting, decreases the occurrence of reporting errors, and streamlines clinician workflow and patient care.