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Bon Secours Mercy Health and Philips Sign Multi-year Strategic Collaboration

Bon Secours Mercy Health and Philips Sign Multi-year Strategic Collaboration

July 17, 2024 Patient monitoring platform to deliver tools and time to help patients across 40+ care sites Amsterdam, the Netherlands, and Cincinnati, Ohio – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology and Bon Secours Mercy Health (BSMH), one of the nation’s largest Catholic health systems, today announced a multi-year strategic collaboration for patient [...]

Deep Integration of Proven AI Tools into Philips Cardiovascular Ultrasound Systems to Better Diagnose More Cardiac Disease Patients

Deep Integration of Proven AI Tools into Philips Cardiovascular Ultrasound Systems to Better Diagnose More Cardiac Disease Patients

New FDA-cleared AI-enabled applications include the industry’s first automated tool for segmental wall motion scoring of the heart to quickly and objectively identify disorders including coronary artery disease and cardio-oncology issues in seconds First fully automated 3D quantification of mitral regurgitation (MR) volumes* designed to provide reproducible, efficient analysis helps clinicians make better-informed decisions for [...]

Philips Successfully Prices Offering of Notes for EUR 700 Million to Be Used for Repayment of Existing Debt

Philips Successfully Prices Offering of Notes for EUR 700 Million to Be Used for Repayment of Existing Debt

Amsterdam, the Netherlands, May 23 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its offering of EUR 700 million fixed rate notes due 2032 (the “Notes”) under its European Medium Term Note (EMTN) program. The issue of the Notes will have a debt-neutral effect, [...]

Philips Shareholders Approve All Proposals at the AGM 2024

Philips Shareholders Approve All Proposals at the AGM 2024

Amsterdam, the Netherlands, May 7 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), today announced that its shareholders approved all proposals at the Annual General Meeting of Shareholders (AGM) 2024, including: The re-appointment of Chairman Feike Sijbesma and Peter Löscher as members of the Supervisory Board. The appointment of Benoît Ribadeau-Dumas as member of the Supervisory [...]

Philips Delivers First-quarter Results in Line with 2024 Performance Improvement Plan; Resolves the Respironics Personal Injury and Medical Monitoring Litigation in the US for USD 1.1 Billion

Philips Delivers First-quarter Results in Line with 2024 Performance Improvement Plan; Resolves the Respironics Personal Injury and Medical Monitoring Litigation in the US for USD 1.1 Billion

April 29, 2024 (Korea Bizwire) First-quarter highlights Group sales amounted to EUR 4.1 billion, with comparable sales growth of 2.4% Comparable order intake -3.8%, mainly due to China USD 1.1 billion Respironics litigation settlement reached in the US (provision recognized of EUR 982 million) Income from operations EUR -824 million, including above provision Adjusted EBITA [...]

Philips Convenes the Annual General Meeting of Shareholders 2024

Philips Convenes the Annual General Meeting of Shareholders 2024

March 22, 2024, Amsterdam, the Netherlands (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), today announced it has convened the Annual General Meeting of Shareholders (AGM) 2024 and published the agenda with explanatory notes. As previously announced, the agenda includes: Proposals to re-appoint Chairman Feike Sijbesma (Dutch, 1959) and Peter Löscher (Austrian, 1957) as members of the [...]

Leading in Health Technology Innovation: Philips One of the Top Patent Applicants at European Patent Office

Leading in Health Technology Innovation: Philips One of the Top Patent Applicants at European Patent Office

Amsterdam, the Netherlands, March 19, 2024 (Korea Bizwire) –  Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is one of the leading patent applicants at the European Patent Office (EPO). Building on more than 130 years of innovation, Philips’ extensive global R&D programs and collaborations position the company at the [...]

Philips and AWS Collaborate to Scale Digital Pathology in the Cloud, Enhancing Diagnostic Capabilities and Improving Productivity

Philips and AWS Collaborate to Scale Digital Pathology in the Cloud, Enhancing Diagnostic Capabilities and Improving Productivity

March 12, 2024 Cloud offering will help improve workflow integration, access, and reliability, delivering greater productivity and collaboration Collaboration combines best of clinical workflow leadership with scalable cloud solution to help accelerate decision-making and further transform patient care Amsterdam, the Netherlands and Orlando, USA (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in [...]

Health Technology Leader Philips Recognized as Clarivate Top 100 Global Innovator

Health Technology Leader Philips Recognized as Clarivate Top 100 Global Innovator

March 6, 2024 (Korea Bizwire) –  Company’s innovative products and solutions improved the lives of 1.9 billion people in 2023 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has been included in the 2024 Clarivate Top 100 Global Innovator™ list. Philips’ global R&D programs and collaborations aim to deliver personal [...]