China has leapfrogged ahead of other countries when it comes to digital health adoption, and there are important lessons to learn from the country’s experience, according to a new report from Royal Philips (NYSE:PHG). Most Chinese health professionals — 94% — report using digital health technologies or mobile health apps, according to the Future Health Index […]
Royal Philips (NYSE:PHG) and the University of Vermont (UVM) Health Network today announced they will extend an existing strategic partnership by 10 years. UVM will get Philips imaging systems, ultrasound, patient monitoring, and clinical informatics, and a range of clinical and business solutions and consulting services. The pact aims to help the UVM Health Network […]
The U.S. Securities & Exchange Commission is reportedly investigating three of the world’s largest medical device makers for their alleged participation in a bribery scheme in China. The SEC probe involves Siemens (NYSE:SI), Royal Philips (NYSE:PHG) and GE Healthcare (NYSE:GE), which allegedly used local middlemen to bribe Chinese government and hospital officials to buy their medical equipment, Reuters reported, […]
Patients using Royal Philips’s (NYSE:PHG) Stellarex drug-coated balloon maintained blood flow through the treated segment of diseased arteries at three years in a pair of clinical trials. Stellarex is designed to restore and maintain blood flow in the superficial femoral artery and peripheral arteries. It’s coated using the company’s EnduraCoat technology to elute the drug paclitaxel. Spectranetics won […]
Royal Philips (NYSE:PHG) said today that it launched its IntraSight interventional lab applications platform designed to provide clinically proven iFR, FFR, IVUS and co-registration modalities intended to simplify complex interventions and hasten routine procedures. The IntraSight platform features a touchscreen control, systems integration, data management and remote service diagnostics, the Amsterdam-based company said. Philips said that […]
Philips Healthcare (NYSE:PHG) has combined some of the latest information technologies to help hospitals battle healthcare-acquired infections (HAIs), which can extend a hospital stay, lead to rehospitalization, and even to patient death. HAIs can have devastating effects on patients’ physical, mental/emotional, and financial health, and they cost billions of dollars in added expenses to the healthcare system. […]
Royal Philips (NYSE:PHG) said today that it inked a 10-year strategic partnership deal with Rutherford Diagnostics to offer advanced diagnostics services across the UK. Through the partnership deal, Philips will supply radiology technology while Rutherford will provide healthcare expertise through five new diagnostics centers across the UK, the companies said. “For Philips, a successful managed service […]
Royal Philips (NYSE:PHG) and Medtronic (NYSE:MDT) inked a deal to integrate the Dutch firm’s Kodex EPD cardiac imaging guidance with Medtronic’s Arctic Front Advance cryoablation catheter. “This integrated solution can guide physicians during the treatment of AF patients with ablation, as they can view detailed, CT-like 3D anatomy, reducing the need for X-ray imaging,” EPD […]
*Updated to correct inverted 2018/2019 numbers from Philips earnings results and to include company comments Shares in Royal Philips (NYSE:PHG) fell slightly yesterday after the medical device maker posted first quarter earnings that saw profits and sales grow compared with the same period during the previous year. The Amsterdam-based company reported sales of $181.7 million (EU […]
Royal Philips (NYSE:PHG) last week sold its Andover, Mass.-based healthcare headquarters in a deal worth $36 million, according to an Eagle-Tribune report. The Amsterdam-based company dealt the property, at 3000 Minuteman Road, to Atlantic Management Corporation, who said they plan to modernize the property, according to the report. The sale follows an announcement last January that […]
A former engineer at Philips Medical Systems in Illinois allegedly transferred confidential trade secrets and then tried to destroy the evidence, the company said in a lawsuit filed last week. The U.S. unit of Dutch healthcare conglomerate Royal Philips (NYSE:PHG) accused Jose Buan of downloading a large trove of proprietary, confidential information around the time […]
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