Physio-Control has reached an agreement with HeartSine Technologies to acquire the Northern Ireland-based automated external defibrillator (AED) manufacturer, the companies have announced. The two privately held companies recently completed due diligence. Financial details of the transaction are not being released. The combination creates one of the world’s largest AED solutions providers.
“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 chief executive officer 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.”
The companies share a strong scientific and technical focus with important, often parallel histories. The pioneer of direct current defibrillation, 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 the pioneer of out-of-hospital mobile coronary care, 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.
“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 chief executive officer Declan O’Mahoney. “Most importantly, we have a strong cultural fit and a common mission to prevent unnecessary deaths from sudden cardiac arrest.”
HeartSine’s products include the Samaritan PAD line of public access AEDs, and technologies such as CPR Advisor, that provides real-time CPR feedback. Physio-Control’s AED products include the LIFEPAK CR Plus and LIFEPAK 1000, distributed in 104 countries.
LIFEPAK AEDs are designed and manufactured at the company’s Washington, USA, headquarters facility and HeartSine products are designed and manufactured in Belfast, Northern Ireland.