Visicu acquired by Philips Holding USA for $427 million

By Lisa Kerner

Charlotte, N.C., Feb. 20 - Philips Holding USA Inc. completed its $427 million acquisition of Visicu, Inc., the companies announced on Wednesday.

The acquisition included payment to option holders under the companies' Dec. 18 merger agreement.

Visicu common stock will no longer be listed on the Nasdaq as of Feb. 20, a company news release stated.

Baltimore-based Visicu is a health care information technology and clinical solutions company.

Philips Holding is a subsidiary of Koninklijke Philips Electronics NV.

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