dismiss

Clean Sweep Live Auction on Wed. May 1st. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Pediatrics
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

Business Affairs Homepage

Air medical transportation: How a 15-minute ride may cost $30,000, and how we can change it Reducing sky-high transport expenses

Canon's Vital Images wins DoD contract Maximum $100 million fixed‐price contract for radiology and imaging systems

Are you GDPR compliant? It's not just a question for EU-based companies Here are the top eight considerations

Security tightening at hospitals for patient safety A noticeable change is occurring at the front entrance to hospitals

Johnson & Johnson completes Auris Health deal The $3.4 billion acquisition could include additional payments up to $2.35 billion

Follow-up imaging study points to benefits of automated notification Raising the bar on manual callbacks

Change Healthcare files for IPO Could raise as much as $100 million, listing on Nasdaq

Mergers do nothing for quality of care, lower patient satisfaction, says study Based on 29 data points and the assessment of 16 processes of care

GE Healthcare IPO on hold as new deal takes spotlight Selling biopharma business to Danaher for over $21 billion

Johnson & Johnson to acquire Auris Health for $3.4 billion With possible $2.35 billion added if certain milestones are hit

Philips kicks off new year with realigned business segments

by John R. Fischer , Staff Reporter
A new year, a new Royal Philips.

That seems to be the resolution that the Dutch healthcare giant is aiming for in 2019 as its kicks off a series of shifts in its reporting segments to better align its businesses with consumer needs.

Story Continues Below Advertisement

RaySafe helps you avoid unnecessary radiation

RaySafe solutions are designed to minimize the need for user interaction, bringing unprecedented simplicity & usability to the X-ray room. We're committed to establishing a radiation safety culture wherever technicians & medical staff encounter radiation.



The changes, which went into effect on January 1, pertain to its segments for Diagnosis and Treatment; Connected Care and Health Informatics; and Personal Health.

One significant difference is the transfer of its healthcare informatics business from the Connected Care segment to Diagnosis and Treatment. While Connected Care revolves around patient care solutions, advanced analytics and patient and workflow optimization for provider-payer-patient business models, Diagnosis and Treatment focuses on technologies for precision diagnosis and disease pathway selection, as well as businesses related to image-guided, minimally-invasive treatments.

Recognizing the importance and investments in image-guided technology, Philips has appointed Bert van Meurs, leader of its EUR 2+ Image-Guided Therapy Business, to its executive committee.

“The appointment of Bert van Meurs as a new member of the Executive Committee reflects the growth of our Image-Guided Therapy businesses,” Frans van Houten, CEO of Royal Philips, said in a statement. “To strengthen our leadership in this fast-growing market, we have significantly invested in our R&D programs, which resulted in the launch of the very successful Azurion next-generation image-guided therapy platform, and the acquisitions of Volcano, Spectranetics and, most recently, EPD Solutions, which enabled the expansion into smart devices such as diagnostic and therapeutic catheters.”

It has also shifted its Sleep and Respiratory Care Business to Connected Care from the personal health segment, which encompasses personal care, domestic appliances, oral healthcare, and mother and child care businesses.

With the changes, the company expects to increase the annual free cash flow to more than 1.5 billion in 2020 and has reaffirmed its overall targets of 4-6 percent comparable sales growth with an Adjusted EBITA margin improvement of 100 basis points on average per year for the 2017-2020 period. It also predicts an improvement of the organic Return on Invested Capital to mid- to high-teens in 2020.

Further details will be included in its presentation of its fourth quarter and full year 2018 results on January 29, 2019.

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.
ALL RIGHTS RESERVED