Philips Signs Long-Term Partnerships Worth EUR140 Million
July 12 2018 - 3:29AM
Dow Jones News
By Oliver Griffin
Koninklijke Philips NV (PHIA.AE) said Thursday that it has
signed two long-term strategic partnership agreements with hospital
groups in Germany, worth a combined 140 million euros ($163.9
million).
The Dutch technology company said it has signed a 15-year
partnership contract with the Kliniken der Stadt Koln in Cologne
worth about EUR90 million.
The company will be responsible for the procurement of new and
replacement medical-imaging solutions, together with their
maintenance and service, covering all three of the clinic's
locations.
The second agreement is an eight-year strategic innovation
partnership agreement with Munich's Stadtische Klinikum
Munchen--one of Germany's largest municipal hospital groups. The
agreement is valued at about EUR50 million, Philips said.
Philips will provide Stadtische Klinikum Munchen with imaging
systems and clinical informatics and will renew over 200 imaging
systems throughout the hospital group, the company said.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
July 12, 2018 03:14 ET (07:14 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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