DMV investment firm acquires Emergency Care Holdings

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Bridgefield Capital, an investment firm based in Washington, D.C., has acquired Philips Emergency Care from Koninklijke Philips N.V.

In addition, Bridgefield Capital – which has a Baltimore office – has launched Emergency Care Holdings, a platform the company said is “laser-focused on reshaping the $26 billion global emergency medical products market.”

According to a release, the business will operate under the “Heartstream” moniker while marketing select products under a Philips brand license. The launch of ECH’s global platform strategy aims to build a robust portfolio of emergency medical technology companies serving the pre-hospital care market. 

Headquartered in Bothell, Washington, Heartstream operates in more than 130 countries, is supported by about 480 distribution partners, and maintains an installed base exceeding three million automated external defibrillators and advanced life support devices worldwide, a release says. 

Heartstream, founded in 1992, also employs more than 600 people globally. 

“The acquisition provides ECH with a scaled, profitable and globally diversified foundation for platform expansion,” said Nestor Benavides, director of operations at ECH. 

“As a standalone company, the business gains sharper operational focus, enhanced capital flexibility and a clear mandate to accelerate innovation, margin expansion and global growth.” 

Heartstream specializes in advanced defibrillation and resuscitation technologies. Proprietary informatics and connectivity platforms support the company. 

“With the backing of ECH, we are positioned to move faster, invest more strategically, and scale our technology roadmap globally,” Heartstream CEO Ryan Landon said.

“This structure strengthens our ability to advance our mission and serve customers while expanding our leadership in emergency care.”