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Philips Completes Sale of Domestic Appliances Business to Global Investment firm Hillhouse Investment

Philips Completes Sale of Domestic Appliances Business to Global Investment firm Hillhouse Investment

Amsterdam, the Netherlands, Sept. 2 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has completed the sale of the Domestic Appliances business to Hillhouse Investment, a global investment firm. The results of this transaction, which Philips announced on March 25, 2021, will be reported under discontinued operations in [...]

Philips Starts Repair and Replacement Program of First-generation DreamStation Devices in the US in Relation to Earlier Announced Recall Notification*

Philips Starts Repair and Replacement Program of First-generation DreamStation Devices in the US in Relation to Earlier Announced Recall Notification*

Amsterdam, the Netherlands, Sept. 1 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA) today announced an update in connection with the June 14, 2021 recall notification* for specific Philips sleep and respiratory care devices that was issued to address potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam component in these devices. More [...]

Philips Spotlights Smart Diagnostic and Treatment Solutions Driving Clinical Confidence and Workflow Efficiency at ESC 2021

Philips Spotlights Smart Diagnostic and Treatment Solutions Driving Clinical Confidence and Workflow Efficiency at ESC 2021

Amsterdam, the Netherlands, Aug. 26 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the launch of its digital experience during the virtual European Society of Cardiology (ESC) 2021 Congress, taking place August 27-30, during which it will showcase its latest suite of solutions to help improve outcomes for patients with [...]

Philips Introduces New HealthSuite Solutions to Drive Healthcare’s Digital Transformation

Philips Introduces New HealthSuite Solutions to Drive Healthcare’s Digital Transformation

Amsterdam, the Netherlands, Aug. 9 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the introduction of two new Philips HealthSuite solutions that are secure, cloud-based and intended to break down barriers across patient care in a scalable, cost-effective model. During HIMSS21, Philips will showcase and introduce Philips Patient Flow Capacity Suite and Philips [...]

Philips Showcases Integrated Health Informatics Solutions Across the Care Continuum During HIMSS21

Philips Showcases Integrated Health Informatics Solutions Across the Care Continuum During HIMSS21

Amsterdam, the Netherlands, Aug. 9 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, will showcase its latest intelligent, secure, interoperable and collaborative informatics solutions virtually during the HIMSS21 Global Health Conference & Exhibition, taking place from August 9-13 in Las Vegas, NV. Philips will showcase its deep clinical and operational expertise [...]

Philips Genomics Workspace Enables Integration of the Largest-scale FDA-cleared Cancer Genetic Test at NYU Langone Health

Philips Genomics Workspace Enables Integration of the Largest-scale FDA-cleared Cancer Genetic Test at NYU Langone Health

Amsterdam, the Netherlands, Aug. 3 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that New York Langone Health’s Department of Pathology will leverage Philips Genomics Workspace (formerly part of IntelliSpace Precision Medicine Platform) to integrate into their EMR (electronic medical record) environment. This will enable the largest cancer [...]

Philips Delivers Q2 Sales of EUR 4.2 Billion, with 9% Comparable Sales Growth; Net Income Amounts to EUR 153 Million and Adjusted EBITA Margin Improves 280 Basis Points to 12.6%; Company Announces EUR 1.5 Billion Share Buyback Program

Philips Delivers Q2 Sales of EUR 4.2 Billion, with 9% Comparable Sales Growth; Net Income Amounts to EUR 153 Million and Adjusted EBITA Margin Improves 280 Basis Points to 12.6%; Company Announces EUR 1.5 Billion Share Buyback Program

July 26, 2021 (Korea Bizwire) –  Second-quarter highlights Group sales increased to EUR 4.2 billion, with 9% comparable sales growth Comparable order intake decreased 15%, with strong double-digit growth in the Diagnosis & Treatment businesses and a decline in the Connected Care businesses on the back of COVID-19-related 167% growth in Q2 2020 Income from [...]

Philips Receives FDA Breakthrough Device Designation for Laser-assisted IVC Filter Removal Device

Philips Receives FDA Breakthrough Device Designation for Laser-assisted IVC Filter Removal Device

Amsterdam, the Netherlands, July 21 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the FDA has granted Breakthrough Device Designation (BDD) for a laser-assisted inferior vena cava (IVC) filter removal device. The proposed device is intended for ablating tissue to remove an IVC filter when previous methods of [...]

Philips and Cognizant Collaborate to Introduce Digital Health Solutions to Providers, Researchers, and Patients

Philips and Cognizant Collaborate to Introduce Digital Health Solutions to Providers, Researchers, and Patients

AMSTERDAM, THE NETHERLANDS and TEANECK, NJ, July 8 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Cognizant (Nasdaq: CTSH), a world-leading professional services firm, today announced a new collaboration to develop end-to-end digital health solutions that will enable healthcare organizations and life sciences companies to improve patient care and accelerate clinical trials. [...]

Philips Accelerates Stroke Diagnosis and Treatment with Expanded Integrated Solutions and Strategic Partnership

Philips Accelerates Stroke Diagnosis and Treatment with Expanded Integrated Solutions and Strategic Partnership

Amsterdam, the Netherlands, July 7 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a strategic partnership agreement with NICO.LAB, a MedTech stroke care company. Together with the recently expanded stroke capabilities of Philips Image Guided Therapy System – Azurion – this new partnership significantly advances Philips’ commitment to improving [...]