The University of Vermont (UVM) Health Network, a leading provider of quality care has signed a 10-year strategic partnership agreement with Philips. The partnership, which extends an existing relationship between the two organizations will help support staff in providing high-quality care and advance efforts to improve the health of the population in Vermont and Northern New York.Why UVM Health Network Selected PhilipsThe UVM Health Network provides high-quality care for patients on both sides
Read More
Philips | News, Analysis, Insights - HIT Consultant
3 Major Problems With the Medical Device and Wearables Market in 2019
Technology can improve human life in significant ways and aid in the fight against troublesome illnesses. Unfortunately, no technology is perfect — and newer technologies are especially prone to growing pains.There are three major problems in today's medical devices and wearables market: potential sabotage of the devices themselves, devices as a backdoor into networks and patient data, and device manufacturers taking advantage of regulatory loopholes to get their products on the market.1. Many
Read More
Healthcare M&A: Agfa to Consider Selling Health IT & Integrated Care Business
Last week Agfa announced its Board of Directors would investigate the sale of part of Agfa HealthCare, specifically, the business tied to its EMR and integrated care offerings. The facts are:· In March 2019, Agfa initially stated that it would further extend the independence of Agfa HealthCare.· It has now expanded on what this could potentially look like, stating it will explore selling is Hospital IT and Integrated Care solutions.· In terms of its reportable business this is largely the
Read More
Philips Launches New IntraSight Interventional App Platform for Image-Guided Therapies
Philips launches new IntraSight interventional applications platform to seamlessly integrate intravascular imaging and physiology applications for image-guided proceduresToday, Philips announced the launch of the new IntraSight interventional applications platform, a comprehensive suite of clinically proven iFR, FFR, IVUS and co-registration modalities that help support physicians in improving care for their cardiac and peripheral vascular patients.Growing Need for Image Guided TherapiesIn
Read More
Rutherford Diagnostics Inks 10-Year Partnership with Philips to Improve Diagnostic Services Across England
Royal Philips, a global health technology company has announced it signed a 10-year strategic partnership agreement with Rutherford Diagnostics. This collaboration will utilize Philips innovative radiology technology and Rutherford Diagnostics’ healthcare expertise to deliver and operate advanced personalized diagnostic services through a network of community diagnostic centers, driving the best possible healthcare outcomes for patients. Rutherford Diagnostics is a subsidiary of Proton Partners
Read More
Philips, Medtronic Partner to Advance The Image-Guided Treatment of Atrial Fibrillation
Royal Philips has announced a collaboration with Medtronic to further advance treatment of paroxysmal atrial fibrillation (PAF), a common heart rhythm disorder. Through the agreement, Medtronic will facilitate sales of products on behalf of Philips to provide an innovative, integrated image guidance solution for cryoablation procedures.Impact of Atrial FibrillationAtrial fibrillation (AF) affects more than 33 million people worldwide. Cryoballoon ablation is used in a minimally invasive
Read More
HIMSS Appoints Dr. Sebastian Krolop As Global Chief Operating & Strategy Officer
HIMSS, has announced the
appointment of Dr. Sebastian Krolop, MD, PhD, MSc, to the role of
chief operating & strategy officer (COSO). Under his leadership as COSO, Dr. Krolop will lead the alignment of HIMSS’s
operational goals with the organization’s strategic plan. In addition, he will
guide the direction of HIMSS
Analytics, HIMSS
Media and foster additional support services in international
markets.
Dr. Krolop Background/Experience
Dr. Krolop comes to the organization
Read More
ATA 2019 Show Report – Don’t Be Fooled by First Impressions
2019 will be a big year for telehealth, but for those attending ATA 2019 in New Orleans last week, it may not have seemed so on the surface. Particularly given that attendee numbers peaked several years ago and one-or-two high-profile regulars, such as Philips and Vidyo, were also missing from the exhibition floor this year.With telehealth enjoying center-stage coverage at HIMSS (only two months ago) and being a key theme at consumer electronics/telecoms shows such as CES and MWC, the annual ATA
Read More
March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
Read More
Healthcare M&A: How Carestream Will Change Philips Strategy in Imaging Informatics
Earlier this month, Philips Healthcare announced it had signed an agreement to purchase the IT business (HCIS) of Carestream Healthcare for an undisclosed amount. The deal, expected to close in the second half of the year, is one of the largest M&A moves in the imaging informatics market for some time. While it was one of the worst kept secrets in the industry that the owners of Carestream were looking for a buyer, the decision to split off the HCIS business of Carestream was more of a
Read More
