BALTIMORE--(BUSINESS WIRE)--VISICU, Inc., (NASDAQ: EICU), a healthcare information technology and clinical solutions company focused on critical care, announced today it entered into a merger agreement through which an affiliate of Philips will acquire the entire share capital of VISICU for USD 12.00 per share. This represents a premium of approximately 35% over the VISICU stock closing price on NASDAQ on December 17, 2007. On the unanimous recommendation of a special committee of the Board of Directors, which is comprised solely of independent directors, the Board of Directors of VISICU, Inc. has approved the merger and recommended its approval by stockholders. A special meeting of stockholders to approve the transaction will be scheduled at a later date.
