By Sabela Ojea 



  Koninklijke Philips NV said Thursday that it has signed a contract to acquire Intact Vascular, Inc for an upfront cash consideration of $275 million with the aim of expanding its image-guided therapy portfolio. 


  The Dutch health-technology company said the agreement also includes deferred payments for which the company expects to recognize a provision of $85 million upon completion of the transaction, which is expected to be closed in the third quarter of the year. 


  Intact Vascular is a U.S.-based developer of medical devices for minimally-invasive peripheral vascural procedures, the company said. 


  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix