Royal Philips (NYSE:PHG) saw shares tick up today after reporting Street-topping profits for its 2nd quarter. The company reported profits of $431 million, or 46¢ per share, on sales of $5.9 billion for the 3 months ended June 30. That amounts to a 57.3% bottom-line gain even as sales shrunk 1.9% compared to the same […]
Philips
Philips connects Trilogy ventilators to the Internet of Things
Royal Philips (NYSE:PHG) said today its Trilogy family of portable ventilators will be connected to its Care Orchestrator connected care management application. Get the rest of the story at our sister site, Medical Design & Outsourcing
Philips acquires population health mgmt co. Wellcentive
Royal Philips (NYSE:PHG) said today it inked a deal to pick up population health management software dev Wellcentive for an undisclosed amount. Philips said the purchase would “compliment” its current portfolio of cloud-based IT solutions and will allow them to import, aggregate and analyze clinical, claims and financial data across hospital and health systems as […]
Philips acquires Irish digital pathology firm PathXL
Royal Philips (NYSE:PHG) said today that it acquired an Irish digital pathology firm, PathXL, for an undisclosed amount. The acquisition of Belfast-based PathXL and its digital pathology image analysis tech is part of the Dutch conglomerate’s shift toward its healthcare business. Last month Philips sold off a 25% stake in its legacy lighting business – its […]
Philips launches CarePoint 5.0 resident safety management system
Royal Philips (NYSE:PHG) said yesterday it launched its CarePoint 5.0 resident safety and wander management solution system designed for senior living facilities and communities. The new version of the system includes help buttons containing AutoAlert automatic fall detection technology, which Philips says is the most widely technology of its kind in the emergency response industry. […]
Philips Respironics launches patient adherence system
The Respironics division at Philips (NYSE:PHG) yesterday released the Patient Adherence Management Services designed to support new patients transitioning into continuous positive airway pressure sleep therapy. The company claims the service can boost sleep patient adherence by16% over the first 30 days of therapy, up to 24% within the first 90 days and an average of 49% […]
Philips CEO van Houten: Tech-savvy patients drive the agenda
(Reuters) – Demand from technology-savvy patients seeking control over their medical data will overcome privacy concerns about the “connected” products and services Royal Philips (NYSE:PHG) is now focused on, its chief executive said. The success of the Dutch company’s decade-long transition from a consumer goods giant specializing in lighting to a seller of networked medical […]
Philips and Yale expand research deal
Royal Philips (NYSE:PHG) said today it expanded its master research agreement with Yale School of Medicine to include a new research program looking to develop innovations in interventional oncology. The multi-year cancer research program aims to explore new concepts in image-guided therapies, diagnostic imaging and informatics, Philips said, and will engage with multiple research groups […]
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim | Personnel Moves May 20, 2016
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim chief exec Skyline Medical said earlier this month that prez and CEO Joshua Kornberg has stepped away from his roles at the company, and is being replaced by Carl Schwartz who will serve as interim chief executive. Prior to his time at Skyline, Schwartz served […]
Philips inks $36m patient monitoring deal with Medical University of South Carolina Health
Royal Philips (NYSE:PHG) said it inked an 8-year, $36 million deal with Medical University of South Carolina Health for its patient monitoring technology and services. The deal calls for the Dutch conglomerate to install, integrate and manage patient monitoring systems and software, plus maintenance, training and consulting services, for the South Carolina healthcare provider, using a […]
Philips and Profound Medical extend ablation tech deal
Royal Philips (NYSE:PHG) said it extended its deal with Profound Medical to include a sales and marketing agreement to promote Profounds’ Tulsa-Pro ultrasound ablation system. Profounds Tulsa system allows for a minimally invasive, whole-gland ablation of the prostate, which will be guided by Philips MRI machines, the companies said. “Our agreement with Philips will enable us to […]