Physio-Control acquires Belfast manufacturer

Posted on 15 Sep 2015 by The Manufacturer

US company Physio-Control finalised an agreement with HeartSine Technologies and acquired the Northern Ireland-based manufacturer of automated external defibrillators (AED).

The financial details of the transaction are not being released, but the the two privately held companies recently completed due diligence and set out to create one of the world’s largest AED solutions providers.

The companies share a strong scientific and technical focus. Physio-Control has partnered with leading emergency medical systems since the 1960s and commercialised the first home use AED, the LIFEPAK 100, in 1986. HeartSine’s founder, Professor John Anderson, worked with Dr. Frank Pantridge in Belfast in the 1960s and 1970s. Professor Anderson was part of the team that developed the world’s first mobile coronary care unit.

“With Physio-Control and HeartSine now united in our lifesaving missions, we will be able to offer a tremendous range of AED solutions to our global customers and partners,” said Physio-Control CEO Brian Webster. “Sudden cardiac arrest is one of the biggest health care problems in the world and AEDs are a critical part of the solution. The global market for these devices is growing fast and our joint aim is to save more lives with more AEDs in more places.”

“This is very good for HeartSine and our distributors. Our teams share a strong clinical focus, and together we have exciting opportunities ahead for technical, scientific and marketing collaboration,” said HeartSine CEO Declan O’Mahoney. “Most importantly, we have a strong cultural fit and a common mission to prevent unnecessary deaths from sudden cardiac arrest.”