HJBC/iStock Editorial via Getty Images Royal Philips ( NYSE: PHG ) and Isala hospital have renewed their long-term strategic partnership to enhance healthcare delivery through cost-effective solutions, they said on Tuesday. Focusing on the radiology and cardiology departments, it follows a collaboration that began in 2012. The new agreement will last for five years, with an option to extend for another five years.
Together, both the parties will integrate new technologies into hospital operations and continuously improve products based on real-world data-driven feedback. "Hospitals face significant financial and personnel challenges in the coming years, and there is no single solution to these challenges," said Léon Kempeneers, Managing Director at Philips ( PHG ) Benelux. Source: Press Release More on Philips Koninklijke Philips N.
V. 2024 Q2 - Results - Earnings Call Presentation Philips Q2 Earnings: A Focus On Core Strengths Is The Winning Strategy Royal Philips to buyback €125M of stock to cover incentive plans Biggest stock movers today: Crypto stocks, PBI, PHG, and more.