Philips and Teladoc Health in partnership to enhance E-health

USA– US-based healthcare IT firms Royal Philips and Teladoc Health have entered into a partnership to enhance delivery of healthcare solutions in Australia and New Zealand. The two global healthcare IT firms have stated that they will combine their virtual care journey allowing organizations to leverage scarce clinical resources with remote patient monitoring across health facilities. New patient insights derived from virtual care models will ensure that practitioners can provide patients with improved access to specialist care regardless of time or location. This is a unique partnership in Australia and…

Read More

Philips completes sale of Domestic Appliances business to Hillhouse Investment

NETHERLANDS – Royal Philips, a global leader in health technology, has announced that it has completed the sale of the Domestic Appliances business to Hillhouse Investment, a global investment firm. The results of this transaction, which Philips announced on March 25, 2021, will be reported under discontinued operations in the third quarter of 2021. Philips received cash proceeds after tax and transaction-related costs of approximately EUR 3 billion. The transaction values Domestic Appliances, a global leader with EUR 2.2 billion sales in 2020 in kitchen, coffee, garment care and home…

Read More

Philips spotlights smart diagnostic and treatment solutions at ESC 2021

NETHERLANDS – Royal Philips, a global leader in health technology, today announced the launch of its digital experience during the virtual European Society of Cardiology (ESC) 2021 Congress. The company targets to showcase its latest suite of solutions to help improve outcomes for patients with cardiovascular disease by enabling quick, confident diagnoses, and efficient, effective treatments. During the congress, Philips will demonstrate its continued leadership in cardiology across its integrated portfolio of solutions throughout the entire cardiac care journey, from early detection, diagnosis and treatment, to long-term follow-up. Cardiovascular disease…

Read More

Healthcare sector quadruple aim goals boosts medical imaging & informatics market

WORLD – Based on a recent analysis by Frost & Sullivan, Global Medical Imaging & Informatics Outlook, 2021, the market opportunity is estimated to hit US$37.10 billion in 2021 from US$33.90 billion in 2020, registering growth at 9.4% under an aspirational scenario. This is a trend attributed to the healthcare sector’s emphasis on meeting its Quadruple Aim goal of cost reduction, clinical outcomes, enhance the patient and caregiver experience, and improve the work-life of healthcare providers. With the onset of the pandemic, a focus on efficiency and productivity will attain…

Read More

FDA issues breakthrough device designation for Philips’ laser-assisted IVC filter removal device

NETHERLANDS – Food & Drug Administration has granted Philips’ laser-assisted IVC filter removal device a breakthrough device designation (BDD). The proposed device is intended for ablating tissue to remove an IVC filter when previous methods of removal have failed. Under the BDD program, the FDA will provide Philips with priority review and interactive communication regarding device development throughout the submission process. The approval is based on recent research that supports the technology as two independent and prospective clinical studies demonstrated that laser-assisted retrieval was 96-99% effective with a major adverse…

Read More

Cote D’Ivoire secures US$300 million from IFC to purchase medical equipment

COTE D’IVOIRE – A US$300 million financing agreement has been signed between Cote D’Ivoire and the World Bank’s International Finance Corporation (IFC) to help medical clinics procure equipment from General Electric and Philips. This investment could spur the cocoa-producing country’s development into a regional medical hub, Prime Minister Patrick Achi noted. As in other African countries, many smaller clinics in Cote D’Ivoire struggle to obtain the bank loans necessary to buy or rent essential medical equipment. This find from IFC aims to remedy that situation by providing credit to clinics…

Read More

UNFPA partners with AMREF to supply portable ultrasound technology in Kenya

KENYA – A partnership between UNFPA, AMREF International University and the Phillips Foundation, has made available portable ultrasound technology and the training to go with it to midwives from far-flung health centers in remote parts of Kenya. Such tools are often only available at specialist health facilities located in major towns and urban areas. As a result, pregnancy complications are often only identified at great effort and expense, too late for treatment, or not at all. “When midwives become proficient in providing basic obstetric ultrasound at point of care, early…

Read More

Philips partners with Cognizant with aim of introducing digital health solutions for health providers, researchers and patients

WORLD – Royal Philips and Cognizant, a world-leading professional services firm, have partnered to develop end-to-end digital health solutions that will enable healthcare organizations and life sciences companies to improve patient care and accelerate clinical trials. As part of this collaboration, Cognizant will build, deploy, implement, and operate client-specific applications on Philips HealthSuite. Philips HealthSuite, built on Amazon Web Services, is an integrated, modular set of standards-based capabilities that support the development of digital health propositions. The platform securely stores critical healthcare data and provides both advanced data analytics and…

Read More

Philips’ strategic partnership with NicoLab set to accelerate stroke diagnosis and treatment

NETHERLANDS – Royal Philips, a global leader in health technology, has partnered with NicoLab, a MedTech stroke care company, to increase leverage on Philips’ stroke portfolio. Philips has a deep portfolio of stroke care solutions and a strong commitment to further innovation in this field. The partnership with NicoLab brings a cloud-based, end-to-end artificial intelligence (AI) based stroke triage and management solution, StrokeViewer, that aims to improve patient outcome by optimizing the stroke workflow. Together with the recently expanded stroke capabilities of Philips Image Guided Therapy System, Azurion, this new…

Read More

Philips recalls ventilators, sleep apnea machines amid pandemic due to cancer related risks

NETHERLANDS – Dutch medical equipment company Philips has recalled some breathing devices and ventilators because of a foam part that might degrade and become toxic, potentially causing cancer. Philips Chief Executive, Frans van Houten, who said the company was one of the largest makers of sleep apnea machines and ventilators, recounted that up to 4 million worth of equipment will be recalled. Foam used to dampen the machines’ sound can degrade and emit small particles that irritate airways, the group said, as it announced the recall. Gases released by the…

Read More