Koninklijke Philips N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
27 jun 2013 - 23:30
Statutory name
Koninklijke Philips N.V.
Title
Philips and Georgia Regents Medical Center sign a 15-year alliance to facilitate innovative and affordable care
Comments
• Healthcare industry-defining model to improve patient outcomes and reduce costs through new technologies, operational planning, support and consulting services
• Long term alliance will support multiple GRMC sites, including its combined 632-bed medical center, cancer center, and children’s hospital, with an order value of approximately USD 300 million
Andover, MA and Augusta, GA – Royal Philips (NYSE: PHG, AEX: PHIA) and Georgia Regents Medical Center (GRMC), Georgia’s public academic health center renowned for its top-ranked doctors, today announced a 15-year alliance to enable increasingly patient-centered approaches to care and to create an innovative business model that addresses current and future clinical, operational and equipment needs of GRMC’s multiple sites.
The alliance is a first-of-its-kind delivery model in the United States. Through the agreement, worth approximately USD 300 million, the largest of its kind for Philips, the company will provide GRMC with a comprehensive range of consulting services, advanced medical technologies, and operational performance, planning and maintenance services with pre-determined monthly operational costs over a 15-year term.
The alliance will broadly support the Georgia Regents Medical Center, Children’s Hospital of Georgia, Georgia Regents University Cancer Center and the health system’s numerous outpatient clinics, which serve the medical needs of four to six million people, across Georgia and South Carolina. Philips and Georgia Regents will work closely to deliver faster, more effective and cost-efficient care from diagnostics to therapeutics, and inpatient and outpatient clinical services.
Date last update: 18 April 2026