Philips Healthcare parent joins $250M health tech venture fund
The Dutch parent of Philips Healthcare has joined a $250 million venture fund that will invest in innovative early and growth-stage healthcare technology companies in Europe and the United States. Royal Philips Electronics (NYSE: PHG) has made an undisclosed "minority share" investment in Gilde Healthcare III, which will invest in home healthcare solutions, sleep improvement techniques, image-guided interventions and therapies, and clinical decision support.