Key Developments: Koninklijke Philips NV (PHG)

PHG on New York Consolidated

7 Oct 2015
Change (% chg)

$0.11 (+0.44%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Search Stocks

Latest Key Developments (Source: Significant Developments)

Koninklijke Philips acquires US based Blue Jay Consulting
Tuesday, 6 Oct 2015 02:30am EDT 

Koninklijke Philips NV:To expand its health care consulting services in the US with the acquisition of Blue Jay Consulting.Financial details of transaction will not be disclosed.Transaction is expected to close in Q4 of 2015.Orlando, FL based Blue Jay Consulting will become part of Philips' Healthcare Informatics, Solutions and Services business.  Full Article

Koninklijke Philips concludes technology agreement with Catharina Hospital
Sunday, 13 Sep 2015 08:00pm EDT 

Koninklijke Philips NV:Concludes technology agreement with Catharina Hospital for cardiovascular center in the Netherlands.Agreement is for installation of Philips' medical technologies in the hospital's new cardiovascular center, which is due to open its doors in mid-2016.  Full Article

Koninklijke Philips confirms FY 2015 guidance; comments on FY 2016 guidance
Monday, 6 Jul 2015 08:00pm EDT 

Koninklijke Philips NV:Continues to expect modest sales growth for FY 2015, as well as improved operational performance for the year.Expects continued operational performance improvement in FY 2016.  Full Article

Koninklijke Philips NV and Westchester Medical Center Health Network announce $500 million, multi-year enterprise partnership to transform patient care
Tuesday, 16 Jun 2015 02:00am EDT 

Koninklijke Philips NV:Announces announced multi-year, $500 million partnership with Westchester Medical CenterHealth Network to transform and improve healthcare for millions of patients across New York's Hudson Valley.Says partnership is based on an enterprise managed services model through which Philips will provide WMCHealth with a comprehensive range of clinical and business consulting services.As well as advanced medical technologies such as imaging systems, patient monitoring, telehealth and clinical informatics solutions.  Full Article

Koninklijke Philips and Bruynzeel Storage Systems announce collaboration
Monday, 15 Jun 2015 11:15am EDT 

Koninklijke Philips NV:Philips and Bruynzeel Storage Systems announce collaboration.Collaboration is for circular lighting of the nine hall manufacturing facility in Panningen.  Full Article

Koninklijke Philips strengthens partnership with Sint Maartenskliniek
Thursday, 4 Jun 2015 03:09am EDT 

Koninklijke Philips NV:Koninklijke Philips and the Sint Maartenskliniek in Nijmegen strengthen strategic partnership with the extension and expansion of ultrasound and healthcare IT.Extension is of a 10 year agreement closed in 2012 for another 5 years.  Full Article

Koninklijke Philips and UZ Leuven announce collaboration to improve cancer diagnostics
Thursday, 4 Jun 2015 03:03am EDT 

Koninklijke Philips NV:UZ Leuven and Philips collaborate to improve cancer diagnostics by digitizing pathology.Digitization of cell and tissue research enables rapid exchange of knowledge and pathology images between hospitals possible.  Full Article

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

BRIEF-Koninklijke Philips acquires US based Blue Jay Consulting

* To expand its health care consulting services in the US with the acquisition of Blue Jay Consulting

Search Stocks