Philips

Healthcare technology company Philips has sold its Xiver computer chip subsidiary, the Telegraaf newspaper reported, citing Xiver’s CEO. The business was sold to a consortium headed by Orange Mills Ventures, the investment vehicle of Dutch businessman...

According to a judgement obtained by AFP on Friday, an Italian court has ordered Dutch giant Philips to replace defective sleep apnea breathing devices by April 30. According to the March 30 judgment, the court in...

Dutch medical device manufacturer Philips said Monday it will cut 4,000 jobs as another massive penalty for faulty sleep respirators pushed it into loss. The 1.3-billion-euro ($1.28 billion) charge for the defective machines pushed the firm...

Royal Philips provided an update on its plans to double the production of its hospital ventilators by May 2020 and achieve a four-fold increase by the third quarter of 2020. This plan builds on Philips’ initial production...

EU antitrust authorities handed down a total fine of 111.2 million euros ($130.1 million) to Philips, Pioneer, Asus and Denon & Marantz on Tuesday for fixing online resale prices. The European Commission opened an investigation into...

News Hour: Royal Philips, a global leader in health technology, today announced an agreement with Lakeland Health to integrate the Philips IntelliVue Guardian Solution with automated Early Warning Scoring (EWS) at all three of the Lakeland...

News Hour: Dutch healthcare company Philips has agreed to buy U.S.-based Spectranetics Corp, a maker of devices to treat heart disease, for 1.9 billion euros ($2.16 billion) including debt, as it expands its image-guided therapy business....

News Hour: Royal Philips today announced the appointment of Sophie Bechu as Chief of Operations and Executive Vice President. Sophie Bechu, who joins Philips as of September 1, 2016 from International Business Machines Corp. (IBM), becomes...

News Hour: Royal Philips announced that, it has signed an agreement to acquire Wellcentive, a leading US-based provider of population health management software solutions. Financial details of the transaction will not be disclosed. In population health management,...

News Hour: Royal Philips today announced that it has acquired PathXL, a Northern Ireland-based leader in digital pathology image analysis, workflow software and educational tools. PathXL’s image analysis and tissue pathology software will complement Philips’ Digital...