Electronics giant seeks a cure in health care: fleeing chips and TVs, Philips makes big bet on aging consumers
Article Abstract:
Dutch consumer electronics firm Koninklijke Philips Electronics N.V. is now targeting the growing health-related services business, a process that began with its acquisition of US-based Lifeline Systems Inc. for $750 mil. The acquisition enabled Philips to offer clients access to a call center to report medical emergencies and obtain answers to health questions on topics such as medications.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Philips purchase to boost home health-care goal
Article Abstract:
US medical equipment maker Respironics Inc. will be bought by Dutch firm Koninklijke Philips Electronics N.V. for $5.16 bil, or $66 per share, which represents a 24% premium. The deal will provide Philips with new product categories in the health care market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Philips will sell unit to VDL Groep
Article Abstract:
Koninklijke Philips Electronics N.V. of the Netherlands is to divest its 33 percent stake in L.G. Philips LCD Co. valued at $5 billion. The electronics giant is focusing on medical and lifestyle products.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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