Philips merges healthcare, consumer goods assets

| | Health Exec | Economics

Philips is merging its healthcare and consumer goods assets into one operation called HealthTech, reports Bloomberg. Together, these assets are valued at $19 billion.

“It’s a bold move,” Marc Hesselink, an analyst at ABN Amro in Amsterdam, told the news source. “It shows the company’s focus on one point, health care.”

Read more below:

Philips Plans Breakup to Focus on Health, Consumer Goods

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