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

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

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

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

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 [...]

IMAGIO Consortium Receives Innovative Health Initiative EUR 24 Million Grant to Improve Cancer Treatments

IMAGIO Consortium Receives Innovative Health Initiative EUR 24 Million Grant to Improve Cancer Treatments

Amsterdam, the Netherlands, June 15 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the Philips-coordinated IMAGIO consortium [1] of clinical partners has been awarded a EUR 24 million Innovative Health Initiative (IHI) grant, complemented with additional resources and funding from industry partners [2], to carry out research into less invasive [...]

Philips to Repurchase Up to 7.1 Million Shares to Cover Long-term Incentive Plans

Philips to Repurchase Up to 7.1 Million Shares to Cover Long-term Incentive Plans

Amsterdam, the Netherlands, June 14 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it will repurchase up to 7.1 million shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to approximately EUR 132 million. The repurchases will [...]

Philips’ Direct-to-angio Stroke Pathway: New Analysis Demonstrates Substantial Cost Savings in Addition to Improved Patient Outcomes

Philips’ Direct-to-angio Stroke Pathway: New Analysis Demonstrates Substantial Cost Savings in Addition to Improved Patient Outcomes

Amsterdam, the Netherlands, June 14 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the results of a health economic analysis published in the Journal of NeuroInterventional Surgery (JNIS) that show an innovative approach to the stroke care pathway reduced costs by an average of EUR 2,848 (~USD 3,120) per patient. [...]

Philips and Masimo Introduce New, Advanced Monitoring Capabilities to Philips High Acuity Patient Monitors

Philips and Masimo Introduce New, Advanced Monitoring Capabilities to Philips High Acuity Patient Monitors

Amsterdam, the Netherlands and Irvine, California, U.S., June 1 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Masimo (NASDAQ: MASI), a global medical technology company, today announced FDA clearance allowing the activation of SedLine® Brain Function Monitoring, Regional Oximetry (O3®), and CO2 measurements in Philips Patient Monitors – IntelliVue MX750 and MX850. [...]

Philips and Vanderbilt University Medical Center Unite to Define Roadmap for Decarbonizing Radiology

Philips and Vanderbilt University Medical Center Unite to Define Roadmap for Decarbonizing Radiology

Amsterdam, the Netherlands and Nashville, TN, USA, May 22 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Vanderbilt University Medical Center (VUMC), home to the top-ranked adult and pediatric hospitals in the Southeastern U.S., today announced a collaboration that aims to reduce the health system’s carbon footprint while determining a blueprint [...]