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Philips Supports Tampere Heart Hospital in Finland to Decarbonize its Clinical Operations

Sustainability roadmap addresses opportunities to reduce carbon emissions in patient throughput, technology use, and use of consumables October 19, 2023 Amsterdam, the Netherlands (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the completion of a comprehensive hospital-wide analysis of Tampere Heart Hospital – Tampere University Hospital’s (Finland) environmental [...]

Philips Visual Patient Avatar Pioneers At-A-Glance Patient Data for Faster, Better Decision-making in the Operating Room

Animations, colors, and shapes help to improve poor situational awareness, which is responsible for 81.5% of anesthesia-related errors October 13, 2023, Amsterdam, the Netherlands (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the launch of Visual Patient Avatar, a revolutionary new monitoring solution that translates critical, yet complex patient [...]

Philips and World Stroke Organization Partner to Improve Access to High-quality Stroke Care

Two-year partnership focused on advocacy, education, and raising awareness of stroke as a global healthcare challenge Philips’ leadership in the rapid end-to-end treatment of stroke helping to improve patient outcomes and increase the efficiency of treatment October 10, 2023, Amsterdam, the Netherlands (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, [...]

Philips Announces New Interoperability Capabilities That Offer a Comprehensive View of Patient Health for Improved Monitoring and Care Coordination

Interoperability of Philips Capsule Medical Device Information Platform (MDIP) with Philips Patient Information Center iX (PIC iX) includes streaming, vendor-neutral data to support care delivery and collaboration Amsterdam, the Netherlands, October 10, 2023 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has announced the interoperability of Philips Capsule Medical Device Information Platform (MDIP) with Philips Patient Information [...]

Philips Extends Its Mobile C-arm Range with Zenition 30, Alleviating Staff Shortages by Empowering Surgeons with Greater Personalization and Control

Offering surgeons greater flexibility, control, and personalization in C-arm operation and image acquisition, Philips’ new Zenition 30 reduces dependency on technician support for a wide variety of minimally invasive procedures Advanced imaging algorithms contribute to outstanding image quality and dose efficiency Amsterdam, the Netherlands, September 13, 2023 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a [...]

Philips Reaches Resolution of US Economic Loss Litigation

Amsterdam, the Netherlands, Sept. 7 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) announced today that the company and certain of its US subsidiaries, including Philips Respironics, have reached an agreement to resolve all economic loss claims in the US Multidistrict Litigation (MDL) related to Philips Respironics’ voluntary recall of certain sleep and respiratory care devices. This settlement, [...]

Philips Successfully Prices Offering of Notes for EUR 500 Million to be Used for Repayment of Existing Debt, Resulting in a Debt-neutral Effect

Amsterdam, the Netherlands, Aug. 30 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its issue of EUR 500 million fixed rate notes due 2031 (the “Notes”) under its European Medium Term Note (EMTN) program. The issue of the Notes will have a debt-neutral effect. The net [...]

Philips Integrates AI in Cardiac Ultrasound and Across Cardiac Care at ESC 2023

Amsterdam, the Netherlands, Aug. 24 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today highlighted how it integrates AI in cardiac ultrasound and across cardiac care to help improve clinical confidence and increase efficiency. Center-stage at the European Society of Cardiology (ESC, Aug. 25-28, Amsterdam) Congress is the portable Philips Ultrasound [...]

Exor Becomes a Long-term Investor in Philips Supporting the Company’s Strategy

Amsterdam, the Netherlands, Aug. 14 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, and Exor N.V. (AEX: EXO), the Netherlands-based diversified holding company, announce they have entered into a relationship agreement as a result of which Exor has bought a 15% shareholding in Philips. This investment by Exor is fully supportive of [...]

Philips Delivers Improved Operational Performance Driven by Sales Growth and Focus on Execution

July 24 (Korea Bizwire) Second-quarter highlights Group sales increased to EUR 4.5 billion, with 9% comparable sales growth Income from operations amounted to EUR 221 million, compared to EUR 11 million in Q2 2022 Adjusted EBITA increased to EUR 453 million, or 10.1% of sales, compared to EUR 216 million, or 5.2% of sales, in [...]