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.

Marketing procedures, Services information, Targets & Markets, Target marketing, Service enhancement, Lifeline Systems Inc., LIFE

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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.

Medical Instruments and Supplies, Medical Equipment and Supplies Manufacturing, Medical Instruments & Supplies, Medical equipment and supplies industry, Medical equipment industry, Medical test kit industry, Respironics Inc.

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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.

Netherlands, Company overview

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