Key Developments: Koninklijke Philips NV (PHG.AS)

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Latest Key Developments (Source: Significant Developments)

Koninklijke Philips Philips and Reinier de Graaf hospital extends deal for ultrasound provision
Monday, 18 May 2015 03:01am EDT 

Koninklijke Philips NV:Expands existing strategic partnership with Reinier de Graaf hospital with extensive 15-year agreement for ultrasound provision.New ultrasound systems to be operational with effect from May.Agreement represents significant extension of existing multi-year partnership entered into in September 2014.  Full Article

Banner Health achieves 27 percent cost savings through joint pilot telehealth program with Philips
Sunday, 3 May 2015 09:00am EDT 

Koninklijke Philips NV:Announces the results of their at-home telehealth pilot program for patients with multiple chronic conditions.Says the Intensive Ambulatory Care (IAC) pilot program, part of the overall telehealth program at Banner, focuses on the complex and highest cost patients - the top five percent of patients who account for 50 percent of health care spend.Says the IAC program, first launched in 2013, aims to improve patient outcomes, care team efficiency, and prevent IAC patients from entering the acute care environment, where costs are significantly higher.  Full Article

Koninklijke Philips to sell 80 pct stake in lighting components arm to GO Scale Capital-led consortium
Tuesday, 31 Mar 2015 01:00am EDT 

Koninklijke Philips NV:To sell majority interest in combined LED components and automotive lighting business to consortium led by GO Scale Capital.Said consortium led by GO Scale Capital through which they will acquire an 80.1 pct interest in Philips' combined led components and automotive lighting business.Said Philips retaining remaining 19.9 pct interest.Said transaction values business at an enterprise value of approximately usd 3.3 billion.Said Philips expects to receive cash proceeds, before tax and transaction related costs, of approximately usd 2.8 billion and a deferred contingent payment of up to usd 100 million.Said transaction is expected to be completed in Q3 of 2015, subject to closing conditions, including customary regulatory approvals.Said new company will continue under name Lumileds, led by CEO Pierre-Yves Lesaicherre.Said Philips' lighting solutions business will remain an important customer of Lumileds and will continue existing innovation and supply partnership.Said Sonny WU, co-founder and managing director of GSR Ventures and chairman of GO Scale Capital, who will serve as interim chairman of Lumileds.Said following separation of Lumileds, Philips Lighting will focus on exciting and growing lighting solutions markets.Said Philips will transition lighting solutions business into a separate legal structure.Said it is current intention to effectuate separation through an initial public offering, although other options will continue to be reviewed.  Full Article

Koninklijke Philips NV collaborates with University of California, Irvine
Thursday, 5 Mar 2015 03:00am EST 

Koninklijke Philips NV:Collaborates with University of California, Irvine, to explore how spectral breast imaging can improve breast density measurement, potentially aiding clinicians in more accurately gauging breast cancer risks and monitoring changes over time.Says study will rely on Philips' MicroDose SI mammography spectral imaging technology.  Full Article

Koninklijke Philips proposes FY 2014 dividend
Tuesday, 27 Jan 2015 01:00am EST 

Koninklijke Philips NV:Proposes that FY 2014 dividend be maintained at 0.80 euro per share.  Full Article

FUNAI ELECTRIC announces Koninklijke Philips changes damages claim amount of arbitration
Thursday, 25 Dec 2014 01:00am EST 

FUNAI ELECTRIC CO LTD:Announces Koninklijke Philips changes damages claim amount of arbitration to 189.6 million euros on Dec. 24.  Full Article

Koninklijke Philips NV to acquire Volcano to expand global position in image-guided therapy market
Tuesday, 16 Dec 2014 07:00pm EST 

Koninklijke Philips NV (Philips):Says to acquire Volcano for $18.00 per share with total transaction value of $1.2 billion (around 1 billion euros), inclusive of Volcano's cash and debt.Agreement to acquire Volcano, a catheter-based imaging and measurement solutions for cardiovascular applications, advances Philips' focused strategy in image guided therapy.Says Volcano provides clinical development and commercialization capabilities for Philips' next generation of imaging and measurement technologies.Transaction expected to be accretive to Philips EPS by 2017 driven by revenue and cost synergies.  Full Article

Koninklijke Philips NV and Nintendo Co Ltd resolve patent disputes and sign patent license agreement
Monday, 1 Dec 2014 07:00pm EST 

Koninklijke Philips NV:Announces resolution of patent disputes and the signing of a patent license agreement with Nintendo Co Ltd.Says as a result, the patent infringement proceedings that Philips had initiated in Germany, the UK, France and the USA against Nintendo’s Wii, Wii U and DS handheld products will end.Says ss part of the agreement, Philips and Nintendo will cross-license portions of each company’s patent portfolio.Financial details and other terms of the license agreement will not be disclosed.  Full Article

Koninklijke Philips NV and Cancer Institute expand collaboration with new agreement to enable personalized cancer care and improve outcomes for cancer patients
Sunday, 30 Nov 2014 07:00pm EST 

Koninklijke Philips NV:Announces a new agreement with Cancer Institute that expands their long-term collaboration and enforces the mission of the Netherlands Cancer Institute in offering care to cancer patients.  Full Article

University of Bradford and Koninklijke Philips NV collaborate
Thursday, 13 Nov 2014 07:00am EST 

The University of Bradford:Says it is collaborating with Koninklijke Philips NV 's Royal Philips.To provide hi-tech, digital pathology training for both undergraduate and graduate students, unique offering in UK.Part of School of Life Sciences, Bradford Pathology program is using Philips Digital Pathology Solutions to educate students in design and delivery of diagnostic pathology in context of modern laboratory.By implementing Philips Ultrafast Scanner & Image Management System, University of Bradford is first higher education institutions in UK to provide Masters' level module in digital pathology, which will provide training of these new digital tools for use in diagnostics.Program also leverages video-conferencing to allow clinical case review at global health systems and enable multi-disciplinary team meetings, while adhering to international privacy laws.  Full Article


Philips and Carrefour use lights to beam coupons to shoppers

AMSTERDAM - Philips has struck its first deal to sell lights with built-in technology that can track shoppers as they move through a grocery store, beaming pop-up coupons to their smartphones.

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