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Philips and the governments of Ethiopia and the Netherlands sign seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center

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Under the terms of the agreement, valued at approximately 40 million euro, Philips will be responsible for the full turnkey design, construction, equipping and commissioning of the hospital location, as well as staff education and equipment maintenance for five years after completion. The new center will be developed within the compound of the existing Tikur Anbessa Specialized Hospital (TASH) in Addis Ababa, the capital city of Ethiopia. The new specialist cardiac care center will comprise a 7-story building covering 7,200 square meters wit... Read More »

Philips provides Belgian Maria Middelares hospital with innovative monitoring solutions to help improve patient care

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Designed to improve patient care so that clinicians can intervene more quickly, IntelliVue Guardian with EWS includes among others connectivity to the Philips Wearable Biosensor – a medical-grade, self-adhesive, single patient-use wireless device that automatically and continuously measures key vital signs, including heart rate and respiratory rate. By automatically acquiring vital signs data from its specified and network-connected medical devices, Philips IntelliVue Guardian helps caregivers identify subtle signs of patient deteriora... Read More »

Philips named a 2017 Top 100 Global Innovator for the fifth consecutive year

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Clarivate Analytics’ (formerly known as the Thomson Reuters Intellectual Property & Science business) annual report highlights the world’s most successful organizations in terms of their active innovation through research and development, protection of intellectual property (IP), and the achievement of commercial success. Philips has been on this prestigious list for the last five years. "We are pleased and honored to once again be recognized as a Top 100 Global Innovator by Clarivate Analytics, as it underlines our commitment to innovat... 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 »

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