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Philips announces exchange ratio for 2016 dividend in shares

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  Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that the exchange ratio for the dividend in shares for the year 2016 has been determined. The exchange ratio is 1 new common share for every 39.7547 existing common shares. This ratio was based on the volume weighted average price on Euronext Amsterdam of June 7, 8 and 9, 2017, of EUR 31.7738 and was calculated in a manner that the gross dividend in shares is approximately equal to the gross dividend in cash.   Shareholders were given th... Read More »

Philips showcases oncology informatics solutions to deliver actionable insights for enhanced clinical decision support at ASCO 2017

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Amsterdam, the Netherlands and Chicago, Ill – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the debut of IntelliSpace Oncology, a new  cloud-based oncology decision-support solution that offers seamless data integration across specialties and locations, data-driven decision making, and tools for proactive patient involvement1. Available through a single-view dashboard, these capabilities provide actionable insights for patient-centric care, while also empowering patients and their families to make t... Read More »

Philips to acquire Australian pharmacy sleep services pioneer

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Founded in 2011, APSS has a unique sleep apnea program for pharmacies that includes screening, home-based sleep studies based on Continuous Positive Airway Pressure (CPAP) therapy, training and services. The retail pharmacy market provides a convenient and central local access point to offer simple and effective sleep screening. This screening is aimed at assessing sleep quality and determining if subsequent sleep treatment may be required. APSS works closely with medical professionals for assessment and diagnosis of sleep problems, and subsequ... Read More »

Philips announces changes to its Executive Committee

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At the same time, Philips has appointed Carla Kriwet as Chief Business Leader of the Connected Care & Health Informatics businesses and new member of the Executive Committee. In this role, she succeeds Jeroen Tas with immediate effect. In addition, she will continue to lead the Business Group Patient Care & Monitoring Solutions, which is part of the Connected Care & Health Informatics segment.   As a further change to Philips’ Executive Committee, Ronald de Jong has been appointed as Global Head of Human Resources (HR) pe... Read More »

Philips and Diagnostics Development win European Union ‘Horizon Prize – Better Use of Antibiotics’ for the rapid detection of bacterial infection on Philips’ Minicare I-20 platform

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Antimicrobial agents – such as antibiotics – have dramatically reduced the number of deaths from infectious diseases since their introduction 70 years ago. However, through their overuse and misuse, many micro-organisms have become resistant to them. It is estimated that each year this growing antimicrobial resistance (AMR) causes around 25,000 deaths and accounts for over EUR 1.5 billion in healthcare costs and productivity losses in Europe alone, making it one of the greatest challenges facing society today. To boost development and bring new... Read More »

Philips and Banner Health sign 15-year agreement to extend successful connected healthcare programs, transforming care and lowering costs, while improving quality

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Headquartered in Phoenix, Banner Health is one of the largest, nonprofit health care systems in the United States, managing 28 acute care hospitals, the Banner Health Network and Banner Medical Group, long-term care centers, outpatient surgery centers and an array of other services including family clinics, home care and hospice services, and a nursing registry. Banner Health operates in six states, including Arizona, California, Colorado, Nebraska, Nevada and Wyoming.   As part of the agreement, Banner and Philips will create a gove... Read More »

AkzoNobel, DSM, Google and Philips to purchase green energy from wind farm Bouwdokken

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The Krammer and Bouwdokken wind farms have a total capacity in excess of 140 MW – sufficient to supply around 140,000 households. Speaking on behalf of the consortium, Marcel Galjee said, “With this new contract, we are taking the next big step towards a new way of generating energy for the Netherlands’ leading industries. It shows that we really are serious about promoting sustainability and creating a future without carbon emissions.” As part of the Dutch Energy Agreement, the Netherlands is working towards a target of using 14% renewable ... Read More »

Philips and Illumina join forces to offer integrated genomics solutions for oncology

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 Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Illumina, Inc. (NASDAQ:ILMN), the global leader in DNA sequencing and array-based technologies, today announced a strategic collaboration that aims to integrate Illumina’s sequencing systems for large-scale analysis of genetic variation and function and Philips’ IntelliSpace Genomics clinical informatics platform, and to coordinate marketing and sales of the resulting solutions. Philips and Illumina will also seek to engage in clinical research collaborations with ... Read More »

Koninklijke Philips N.V. announces Redemption of Notes

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In accordance with the terms of the Notes, the Company may redeem the Notes at the Company’s option, at any time at a redemption price that will be determined as described below. This provision is known as the “Make-Whole Option”. Unlike the tender offer completed by the Company on October 19, 2016, the redemption of the Notes by the Company pursuant to the Make-Whole Option is not subject to the election of holders of the Notes, therefore the Company expects to redeem the bonds in full.   The redemption date will be January 20, 2017... Read More »

Philips is first to bring adaptive intelligence to radiology, delivering a new approach to how radiologists see, seek and share patient information

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Royal Philips (NYSE: PHG; AEX: PHIA) today announced the introduction of Illumeo, a new imaging and informatics technology with adaptive intelligence* that redefines and enhances how radiologists work with medical images. The intelligent software is the first to combine contextual awareness capabilities with advanced data analytics to augment the work of the radiologist. Its built-in intelligence records the radiologists’ preferences and adapts the user interface to assists the clinician by offering tool sets and measurements driven by the unde... Read More »

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