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Royal Philips (Koninklijke Philips N.V., NYSE: PHG) is a health technology company whose news flow centers on diagnostic imaging, ultrasound, image-guided therapy, monitoring, enterprise informatics and personal health. Company announcements frequently highlight AI-enabled systems, new product launches and strategic portfolio moves, giving investors and observers insight into how Philips develops and positions its health technology offerings.
Recent Philips news has featured AI-powered innovations in image-guided therapy and diagnostic imaging, such as LumiGuide 3D Device Guidance for light-based navigation during minimally invasive procedures, DeviceGuide for AI-assisted tracking of heart valve repair devices, and Verida, a detector-based spectral CT system with AI integrated across the imaging chain. The company also reports advances in MRI through its BlueSeal Horizon 3.0T platform and extended partnerships in neuroimaging, such as the integration of Cortechs.ai quantitative analytics into Philips MR workflows.
News items also cover enterprise informatics and cloud-based solutions, including the launch of Philips Management 15, a web-based diagnostic viewer that delivers full radiology capabilities through a browser and interfaces with AI tools and interactive reporting. In addition, Philips communicates on long-term partnerships with health systems, monitoring agreements and large-scale deployments of its Azurion image-guided therapy systems.
Corporate and portfolio developments appear regularly in the news stream. Examples include the agreement to acquire SpectraWAVE Inc. to expand intravascular imaging and physiology solutions, and the completed carve-out of the Philips Emergency Care business, which now operates as Heartstream under a Philips brand license. Earnings-related releases and Form 6-K summaries provide context on comparable order intake, sales trends, margins, productivity programs and outlook.
Investors and healthcare professionals following PHG news can use this page to track product introductions, AI and imaging milestones, strategic transactions and quarterly performance updates that shape Philips’ role in global health technology.
Philips (NYSE: PHG) has announced its upcoming Annual General Meeting of Shareholders (AGM) 2025, scheduled for May 8, 2025, at Hotel Okura Amsterdam. The agenda includes key proposals such as:
- Appointment of Bob White as new Supervisory Board member
- Re-appointment of Indra Nooyi and Chua Sock Koong as Supervisory Board members
- Re-appointment of Marnix van Ginneken to the Board of Management
The meeting will also address recurring items including the 2024 Remuneration Report (advisory vote), and proposals to adopt the company's financial statements and dividend. The AGM will commence at 14:00 CET.
Philips (NYSE: PHG) has been recognized as the highest-ranked medical technology company in Clarivate's Top 100 Global Innovators 2025, marking its 12th consecutive year on this prestigious list. The company invested approximately EUR 1.7 billion (over 9% of sales) in R&D during 2024, with a strong focus on AI and data innovation.
The company's commitment to healthcare innovation is demonstrated through several key AI-powered solutions:
- Philips CT 5300: Combines hardware, software, and AI for improved imaging accessibility
- SmartSpeed Precise MRI: Enables up to 3x faster scan times while maintaining image quality
- AI-enabled cardiovascular ultrasound platform: Features advanced automation tools
- New Azurion system: Enhanced image-guided therapy for neurovascular treatment
With approximately 67,800 employees and EUR 18 billion in 2024 sales, Philips continues to leverage advanced technology and clinical insights to deliver innovative healthcare solutions across more than 100 countries.
Philips (NYSE: PHG) and Ingeborg Initiatives have partnered to provide Arkansas expectant parents with access to the Philips Avent Pregnancy+ app, featuring customized state-specific content and resources. The initiative aims to address Arkansas's critical maternal health challenges, as the state ranks 50th in both maternal and infant mortality rates.
The Pregnancy+ app, which has over 80 million lifetime downloads, offers comprehensive pregnancy guidance including 800+ articles, 3D baby models, weekly pregnancy tracking, and expert-led courses. Arkansas residents will receive premium access to state-specific information about social services, infant health, mental health resources, and early childhood programs.
A recent survey indicates that Pregnancy+ app users demonstrate higher maternal health literacy and increased engagement in prenatal care compared to non-users. The collaboration represents a multi-stakeholder approach to improving maternal health outcomes in Arkansas through accessible digital resources.
Philips has selected AWS as its preferred cloud provider to enhance its healthcare informatics solutions globally. Over the past 12 months, Philips has supported 34 million patient exams in the cloud and manages 134 petabytes of data, including 11 billion medical images, with plans to scale to one exabyte by 2030.
Key achievements include deploying solutions across 200+ healthcare sites globally, reducing infrastructure costs by 36%, and connecting 1.3 million IoT devices to the cloud. Philips launched the Tasy EMR AI Virtual Assistant powered by Amazon Bedrock for automated patient data capture and is exploring generative AI capabilities to address healthcare staff shortages.
The partnership aims to accelerate healthcare digital transformation through AI-enabled workflows in radiology, digital pathology, cardiology, and advanced visualization solutions.
Philips (NYSE: PHG) announced the expansion of its cloud-based radiology informatics solutions to Europe, following successful deployment in over 150 sites across the Americas. The HealthSuite Imaging platform, hosted on Amazon Web Services (AWS), offers a software-as-a-service model with regular upgrades and security features.
The cloud service will be available in 13 European countries, pending regulatory approval from DEKRA. The platform enables secure, remote access to radiology exams, AI-enabled workflows, and integrated reporting capabilities. Philips is also exploring generative AI applications through Amazon Bedrock for conversational reporting to address clinical demands and workforce shortages.
According to industry data, 95% of healthcare providers plan to migrate over half of their applications to the cloud within three years. The solution aims to enhance collaboration, accelerate clinical decisions, and improve operational efficiency while reducing IT management burdens.
Philips has unveiled significant AI-driven advancements in MRI technology, introducing SmartSpeed Precise with Dual-AI engines. This innovation enables up to 3x faster scanning while delivering 80% improved image sharpness. The company also launched MR Workspace R12 software featuring 'zero-click' workflow and AI-powered SmartExam that automates 80% of MR procedures.
The company showcased its next-generation helium-free 1.5T BlueSeal wide-bore scanner at ECR 2025, emphasizing sustainability in medical imaging. Since 2018, Philips BlueSeal technology has conserved nearly 5 million liters of liquid helium and reduces energy consumption by approximately 40 MWh annually per system. With over 1,500 installations worldwide, the technology demonstrates significant environmental impact reduction while maintaining high-performance imaging capabilities.
Philips (NYSE: PHG) has partnered with Amerigroup, CareSource Georgia, and Peach State Health Plan to launch a remote monitoring program for high-risk pregnancies in Georgia. The initiative, supporting the Georgia Healthy Babies Act, will initially cover 50 counties, focusing on pregnant and postpartum individuals with maternal hypertension and diabetes.
The program allows Medicaid-covered pregnant women to receive monitoring devices and personalized health coaching from Philips' licensed nurses, dietitians, and diabetes care specialists. The service includes real-time alerts for out-of-range readings and continues up to 90 days postpartum.
This initiative addresses critical healthcare challenges in Georgia, where Medicaid covers nearly 50% of births and the state ranks 31st of 40 in maternal mortality. The program is particularly significant given that 62% of U.S. pregnancies are identified as high-risk, with an 81.3% increase in hypertension and 50% in diabetes cases. Additionally, over 35% of US counties are classified as maternity care deserts.
Philips (NYSE: PHG, AEX: PHIA) has published its Annual Report 2024, which will be discussed at the Annual General Meeting of Shareholders (AGM) scheduled for May 8, 2025. The company has filed the report with the Netherlands Authority for the Financial Markets (AFM) in European Single Electronic Format (ESEF) and plans to file Form 20-F with the U.S. Securities and Exchange Commission.
The Annual Report 2024 is accessible to shareholders and interested parties at www.results.philips.com, with printed copies available upon request via annual.report@philips.com.
Philips (NYSE: PHG) and Mass General Brigham (MGB) announced a collaboration to develop and deploy advanced data infrastructure and AI for improving patient care. The partnership aims to create a unified, near real-time data and insights ecosystem by integrating live healthcare data from multiple sources.
The collaboration will utilize Philips technologies including Capsule Medical Device Information Platform, Clinical Insights Manager, and Capsule Surveillance to combine data from bedside medical devices with longitudinal clinical data. The system will enable continuous algorithmic processing to deliver smart alerts into live clinical practice.
An initial research program focuses on patients under continuous heart monitoring, aiming to improve early detection of cardiac events. The joint effort combines MGB's biomedical engineering, clinical specialists, and AI expertise with Philips' research capabilities to develop new algorithms for identifying patient-cohort patterns and generating actionable clinical insights.
Philips (NYSE: PHG) announced changes to its Supervisory Board and Board of Management. David Pyott will retire after serving three consecutive terms since 2015. The company proposed Bob White, former Executive Vice President at Medtronic, as a new Supervisory Board member and future Chair of the Quality & Regulatory Committee.
The company also proposed reappointments of Indra Nooyi and Chua Sock Koong to the Supervisory Board, citing their valuable contributions in areas including consumer products, technology, digitization, and financial expertise. Additionally, Marnix van Ginneken was proposed for reappointment to the Board of Management.
The Annual General Meeting of Shareholders will be held on May 8, 2025, where these appointments will be considered.