by
Thomas Dworetzky, Contributing Reporter | August 11, 2015
As part of its positioning, van Houten pointed to the company's move to delivering its HealthTech products with multi-year contracts. He told shareholders at the meeting that a good example of this new approach was the 2014 deal with Karolinska University and Stockholm Country Council.
"I see major opportunities in HealthTech, because of profound trends in health care: a rapidly increasing demand for integrated systems, driven by pressures on health systems to shift to value-based business models in relation to rising costs of care due to an aging population and the increasing number of chronic diseases," van Houten told the meeting.
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An example of a smaller investment in health care by the firm, is its recent $60 million investment to scale up its Philips Healthcare India involvement with device maker Pune.
“Once the capacity is doubled, more and more business lines such as ultrasound machines, CT scans and MRIs will come out of the Pune facility,” Philips Capital India chief executive officer Chhitiz Kumar
told Indian news agency PTI.
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