Philips' HealthTech Unit Fuels Q1 Sales Growth

Royal Philips is starting to reap positive results from its strategic pivot into healthcare, with its HealthTech business expanding by 5 percent during the first quarter, helping drive comparable sales growth up 3 percent to €5.5 billion. Continued investments, deal-making, and product launches contributed to the strong performance of the unit, which will be the sole focus for the company after it sells its Lighting business.

Source: Medical Design Online News - April 27, 2016 Category: Medical Equipment Source Type: news