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Philips Medical Systems history
Philips Medical Systems company history timeline
On 21 February 2008 Philips completed the acquisition of VISICU Baltimore, Maryland through the merger of its indirect wholly owned subsidiary into VISICU. As a result of that merger, VISICU has become an indirect wholly owned subsidiary of Philips.
In January 2011 Philips agreed to acquire the assets of Preethi, a leading India-based kitchen appliances company.
Due to the fact that net profit slumped 85 percent in Q3 2011, Philips announced a cut of 4,500 jobs to match part of an €800 million ($1.1 billion) cost-cutting scheme to boost profits and meet its financial target.
In March 2012 Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology.
The significant progress achieved in the ITEA 2 project enabled four of the partners to launch a series of different products on the market in 2012 based on HiPiP results.
In the year 2013, Philips had declared that it would be selling a major portion of its remaining electronic operations segment to the Japanese company Funai Electric Co.
Later, in 2013, it announced its collaboration with Paradox Engineering on a “Pilot Project” that would take care of the management solutions regarding street-lighting.
On April 28, 2014 Philips agreed to sell their Woox Innovations subsidiary (consumer electronics) to Gibson Brands for $US135 million.”
By the end of 2020 Philips expects to support 140 applications annually for prototypes developed by academic hospitals.
Philips ranks #1 in ‘Health Care Equipment & Services’ sector on Forbes ‘World’s Best Employers 2020’ list
#23 Top 50 Most Innovative Companies survey and The world’s most innovative MedTech company 2020
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Philips Medical Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Philips Healthcare | 1891 | $6.8B | 24,000 | 178 |
| Hologic | 1985 | $4.0B | 6,478 | 475 |
| Varian Medical Systems | 1948 | $3.2B | 10,000 | 3 |
| Sysmex | 1968 | $2.0B | 9,231 | 22 |
| Intuitive Surgical | 1995 | $8.4B | 5,527 | 268 |
| Topcon Medical Systems, Inc. | 2001 | $1.4M | 7 | 18 |
| Bio-Rad Laboratories | 1952 | $2.8B | 8,250 | 69 |
| Landis Homes | 1964 | $50.0M | 350 | - |
| Williams Communications | 1998 | $20.4B | 2,000 | - |
| Carestream | 2007 | $1.9B | 4,400 | 18 |
Philips Medical Systems history FAQs
Zippia gives an in-depth look into the details of Philips Medical Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Philips Medical Systems. The employee data is based on information from people who have self-reported their past or current employments at Philips Medical Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Philips Medical Systems. The data presented on this page does not represent the view of Philips Medical Systems and its employees or that of Zippia.
Philips Medical Systems may also be known as or be related to Philips Medical Systems and Philips Medical Systems Inc.