In February 2015, Philips acquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging. In June 2016, Philips spun off its lighting division to focus on the healthcare division. In June 2017, Philips announced it would acquire US-based Spectranetics Corp, a manufacturer of devices to treat heart disease, for €1.9 billion (£1.68 billion) expanding its image-guided therapy business.
In February 2015, Philips a?cquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging. In June. 2016, Philips spun off its lighting division to focus on the healthcare divisi:on. In June 2017, Philips announced it would acquire US,-based Spectranetics Corp, a manufacturer of devices to treat heart disea?se, for €1.9 billion (£1.68 billion) expanding its image-guided the!rapy business