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UAE Residents embrace proactive, tech-driven, and sustainable healthcare, according to the second edition of Philips Health Trends Research*
Prnewswire· 2025-10-07 07:00
Core Insights - The Philips Health Trends Research UAE reveals significant shifts in healthcare perceptions among UAE residents, emphasizing proactive health choices, digital health adoption, and sustainability [2][5][6] Group 1: Proactive Choices and Digital Health Adoption - 92% of UAE residents prioritize taking control of their health and well-being, indicating a shift towards personal accountability [2][7] - Over half (53%) of residents rate their health as very good, and 88% report being in good health, reflecting a growing health awareness [7] - 93% of respondents believe in the benefits of telehealth and e-health services, highlighting the convenience and accessibility of virtual care [4][13] Group 2: Growing Confidence in Digitalisation and AI - 77% of residents express confidence in AI's ability to enhance healthcare delivery, including diagnosis and treatment planning [3][13] - 84% of respondents have a positive outlook on digitalisation's role in modern healthcare, with strong support for AI applications in various healthcare functions [13] - 79% of residents show positive sentiment towards telehealth and e-health solutions, citing benefits such as faster access to specialists and increased convenience [4][13] Group 3: Sustainability in Healthcare - 83% of respondents are more likely to choose healthcare providers that practice environmental responsibility, indicating a strong preference for sustainable healthcare options [5][13] - 86% believe sustainability should be a key priority for the healthcare sector, with many associating it with positive environmental impact and sustainable operations [5][13] - The emphasis on sustainability reflects a broader trend where patients seek providers that align with their personal values and environmental concerns [6][13]
PHG vs. LZAGY: Which Stock Is the Better Value Option?
ZACKS· 2025-10-06 16:41
Core Viewpoint - The comparison between Royal Philips (PHG) and Lonza Group Ag (LZAGY) indicates that PHG currently offers better value for investors based on various financial metrics and rankings [1][3][7]. Valuation Metrics - PHG has a forward P/E ratio of 17.92, while LZAGY has a significantly higher forward P/E of 33.33 [5]. - The PEG ratio for PHG is 0.74, indicating a more favorable valuation relative to its expected earnings growth, compared to LZAGY's PEG ratio of 2.06 [5]. - PHG's P/B ratio stands at 2.28, whereas LZAGY's P/B ratio is 4.71, further highlighting PHG's relative undervaluation [6]. Earnings Estimates and Rankings - PHG holds a Zacks Rank of 2 (Buy), suggesting a positive earnings outlook, while LZAGY has a Zacks Rank of 3 (Hold) [3]. - The stronger estimate revision activity for PHG indicates a more favorable earnings outlook compared to LZAGY [7].
Official Philips Home Access Online Store Has Been Launched — Up to 60 % OFF, Free Shipping and Exclusive Giveaways
Globenewswire· 2025-09-29 11:56
Company Overview - Philips Home Access has launched an online store at homeaccess.philips, providing U.S. consumers with direct access to a variety of keyless smart locks and home security solutions [1] - The Philips Home Access portfolio is operated by Shenzhen Conex Intelligent Technology Co., Ltd under a brand license agreement with Koninklijke Philips N.V., focusing on smart locks, video doorbells, and related accessories [6] Product Offerings - The online store features a complete range of Philips smart locks, including entry-level deadbolts, advanced biometric systems, and video doorbells [3][4] - Key products include: - 1000 Series Electronic Deadbolt: Affordable entry-level upgrade with keyless access options [4] - 4200 Series Smart Lock: Combines a push-button keypad with built-in Wi-Fi for remote control [4] - 5000 Series Palm Recognition Smart Lock: Premium touchless biometric unlocking solution [4] - 7000 Series Video Doorbells: High-definition video monitoring with two-way audio [4] Promotional Offers - The launch includes exclusive sitewide perks such as savings of up to 60%, free shipping on all orders, and rewards for new registered users [3][4] - Customers can participate in giveaways and prize drawings, including Amazon gift cards and free accessories [4] Warranty and Authenticity - All products sold on homeaccess.philips are authentic Philips-branded hardware, eligible for registration and backed by a 2-year limited warranty [5]
Philips (NYSE:PHG) Maintains Neutral Rating from Citigroup Amidst Innovations
Financial Modeling Prep· 2025-09-27 01:00
Core Insights - Philips is a global leader in health technology, focusing on improving health outcomes through innovative solutions in diagnostic imaging, image-guided therapy, patient monitoring, and health informatics [1] - Citigroup maintains a Neutral rating for Philips, raising its price target to €23 from €22, indicating cautious optimism about the company's future performance [2][6] - Philips showcased new innovations in radiation therapy at the ASTRO 2025 Annual Meeting, introducing the Philips Rembra RT and Philips Areta RT CT platforms aimed at enhancing precision in cancer care [3][6] Stock Performance - The current stock price for Philips (PHG) is $26.82, reflecting a slight increase of approximately 1.00% from the previous day, with fluctuations between $26.78 and $26.97 [4][6] - Over the past year, the stock has experienced a high of $32.91 and a low of $21.48, indicating volatility in its performance [4] - Philips' market capitalization is approximately $24.9 billion, with a trading volume of 790,223 shares on the NYSE, suggesting moderate investor interest [5]
Philips unveils latest CT and MR innovations in radiation therapy, advancing precision cancer care at ASTRO 2025
Globenewswire· 2025-09-26 14:00
Core Insights - Royal Philips is introducing innovative technologies in radiation oncology at the ASTRO 2025 Annual Meeting, including the Philips Rembra RT and Areta RT CT platforms, and the helium-free BlueSeal RT 1.5T MR system, aimed at enhancing patient-centered care and improving the efficiency of radiation therapy planning [1][6]. Group 1: CT Simulation Innovations - The new Rembra RT and Areta RT systems are designed to enhance cancer treatment planning by providing faster and more accurate imaging, with ultra-fast image reconstruction speeds of up to 106 images per second and a wide 85 cm extended field of view [3][4]. - These systems enable 91% of care teams to work more efficiently due to user-friendly touchscreen controls and advanced imaging capabilities that capture a full respiratory cycle in one scan [3][4]. Group 2: Remote Collaboration and Long-term Value - The systems facilitate remote collaboration for planning and training, allowing care teams to remain connected without the need for additional staffing, thus providing reliable long-term value to hospitals [4][5]. - Philips offers a Tube for Life Guarantee and a design that allows for 20 years of service, which helps hospitals manage costs effectively while ensuring high performance [4]. Group 3: Advancements in MR Technology - The BlueSeal RT system is a helium-free 1.5T MR system that enhances simulation confidence and reduces registration errors, crucial for protecting healthy organs during radiation therapy [6][7]. - This system supports MR-only imaging protocols that can be completed in as little as 10 minutes, improving patient comfort and overall experience [7][9]. Group 4: Industry Leadership and Future Directions - Philips has installed approximately 2,000 helium-free MR scanners worldwide, reinforcing its leadership in sustainable MR technology for radiation oncology [8][9]. - The company is collaborating with MVision AI to integrate AI-powered auto-segmentation software with its CT simulators, further enhancing the precision of radiation therapy planning [5].
Philips unveils latest CT and MR innovations in radiation therapy, advancing precision cancer care at ASTRO 2025
Globenewswire· 2025-09-26 14:00
Core Insights - Royal Philips is introducing innovative technologies in radiation oncology at the ASTRO 2025 Annual Meeting, including the Philips Rembra RT and Areta RT CT platforms, which enhance accuracy and efficiency in radiation therapy [4][10] - The new helium-free BlueSeal RT 1.5T MR system is designed to improve simulation confidence and sustainability in radiation oncology [10][12] CT Platforms - The Rembra RT and Areta RT systems are engineered to expedite cancer treatment planning, providing clearer images and ultra-fast image reconstruction speeds of up to 106 images per second [7][8] - These systems feature a wide 85 cm extended field of view and next-generation 4DCT imaging capabilities, capturing a full respiratory cycle in one scan [7][8] - The platforms support remote collaboration for planning and training, enhancing efficiency without the need for additional staff [8] MR System - The BlueSeal RT system utilizes AI-powered SmartSpeed Precise software, enabling enhanced simulation confidence and reducing registration errors [10][11] - With approximately 2,000 helium-free MR scanners installed globally, Philips is leading the transition to sustainable MR technology [12] - The lightweight design of BlueSeal RT allows for flexible installation in various clinical environments, reducing costs and energy consumption [12][13] Industry Impact - Philips is setting new standards in radiation therapy with its innovative solutions, addressing the challenges of accuracy, workflow, and cost in oncology departments [9][13] - The integration of MVision AI's Contour+ software with Philips CT simulators is being explored to enhance automatic delineation of organs at risk [9]
Philips joins Optum Healthcare's network as a preferred provider in the USA
Globenewswire· 2025-09-25 13:00
Core Insights - Royal Philips has entered a national partnership with Optum Healthcare to provide its cardiac monitoring solutions to 3.4 million Optum policyholders across 22 U.S. states, enhancing outpatient cardiac monitoring capabilities [1][3] Company Overview - Royal Philips is a leading health technology company focused on improving health and well-being through innovation, with a strong presence in diagnostic imaging, ultrasound, and monitoring solutions [5][7] Partnership Benefits - The partnership allows for earlier detection of cardiac conditions and timely clinical intervention, supporting proactive care and improved patient outcomes [1][3] - Philips' Mobile Cardiac Telemetry (MCOT) and Extended Holter (ePatch) solutions empower clinicians with actionable data, enhancing collaboration among care teams [3] - The collaboration aims to streamline patient referral processes, reduce delays in specialist referrals, and improve access to diagnostic data for better clinical decision-making [6] Technology Impact - The wearable technologies provided by Philips enable patients to maintain their daily routines while receiving continuous monitoring, thus increasing patient compliance with treatment plans [3][6]
Philips joins Optum Healthcare’s network as a preferred provider in the USA
Globenewswire· 2025-09-25 13:00
Core Insights - Royal Philips has partnered with Optum Healthcare to provide its cardiac monitoring solutions to 3.4 million Optum policyholders across 22 U.S. states, enhancing outpatient cardiac monitoring capabilities [1][3]. Company Overview - Royal Philips is a leading health technology company focused on improving health and well-being through innovation, generating sales of EUR 18 billion in 2024 and employing approximately 67,300 people globally [6]. Partnership Benefits - The partnership aims to enable earlier detection of cardiac conditions and timely clinical intervention, supporting proactive care and improved patient outcomes [1][3]. - Philips' Mobile Cardiac Telemetry (MCOT) and Extended Holter (ePatch) solutions will empower clinicians with actionable data, enhancing collaboration among care teams [3]. - The collaboration supports various healthcare plans, including commercial, Medicare, and Medicaid, facilitating efficient care delivery and advancing value-based models [3]. Patient Care Enhancements - The partnership is expected to reduce delays in specialist referrals, enhance diagnostic insights, ensure seamless care coordination, and increase patient compliance with treatment plans [10].
Philips in talks with US over probes of medical technology imports
Reuters· 2025-09-25 08:48
Group 1 - Philips is actively engaging with policymakers in Washington regarding investigations into U.S. imports of medical technology items [1] - The company does not anticipate an immediate impact from these probes [1]
Investor association VEB calls for court inquiry into Philips sleep apnea recall
Reuters· 2025-09-24 07:03
Core Viewpoint - An investor group, European Investors-VEB, has initiated a court inquiry into Philips, citing allegations of misleading disclosures and management failures related to the company's recall of sleep apnea devices [1] Group 1: Allegations and Legal Actions - The inquiry focuses on claims that Philips provided misleading information regarding the safety and effectiveness of its sleep apnea devices [1] - The investor group is seeking accountability for management decisions that may have contributed to the issues surrounding the product recall [1] Group 2: Impact on Philips - The ongoing legal scrutiny could have significant implications for Philips, potentially affecting its reputation and financial performance [1] - The company may face increased pressure from investors and stakeholders as the inquiry unfolds [1]