dismiss

Clean Sweep Live Auction on Wed. February 27th. 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 Mobile Imaging
SEARCH
Current Location:
>
> This Story


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

 

advertisement

 

Business Affairs Homepage

Maybe competition is good for what 'ails' hospitals Mergers may be good for business, but what about patients?

Frost & Sullivan outline 10 growth factors for precision imaging market Market predicted to be more than $8 billion by 2027

RadNet buys Kern Radiology The Bakersfield, California imaging group includes four offices

More of GE healthcare unit could be on block: CEO CEO Culp speaks in post-earnings call after company exceeds Q4 expectations

Philips, Lunit, Vuno in healthcare AI deal Forging partnerships to advance AI applications

Trade war forcing Philips to move production between US, China CEO van Houten addresses company growth in earnings call

Aetna, Anthem, Health Care Service, PNC Bank and IBM collaborate on healthcare blockchain 'ecosystem' Increasing industry transparency

Clinical wearables – remaining competitive in an evolving market Insights from Ravi Kuppuraj, Business Leader of Connected Sensing Venture for Philips

Mass General plans $1 billion new building Adding a 12-story building with 450 single-bed rooms

iSchemaView, NeuroLogica partner for stroke care Bringing the RAPID platform to the portable CereTom CT

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

GE Healthcare ultrasound probe solutions to help protect your investment

GE Healthcare helps reduce the downtime of ultrasounds with online access to probe and accessory purchasing, probe-failure diagnoses, fast repairs and replacements, probe care and handling tips, and reliable service options.



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