Philips Electronics of the Netherlands reported this month that it is planning to divest nine smaller business units as part of its plan to return to profitability. The units, which employ about 1500 people, are part of the Philips Industrial Electronics
Philips Electronics of the Netherlands reported this month that it is planning to divest nine smaller business units as part of its plan to return to profitability. The units, which employ about 1500 people, are part of the Philips Industrial Electronics division.
Industrial Electronics is one of several units in Philips' Professional Products and Systems group, which also encompasses Philips Medical Systems. Philips said the divestitures should enable the company to focus on its key businesses, such as the medical systems division. The divestitures are expected to be completed by the end of this year.
While Philips Medical Systems performed well in 1996, other sectors of the company have struggled to reach profitability (SCAN 3/5/97). Philips chief executive Cor Boonstra has stated his intention to shed unprofitable units to get the company back into the black.
Where Things Stand with the Radiologist Shortage
June 18th 2025A new report conveys the cumulative impact of ongoing challenges with radiologist residency positions, reimbursement, post-COVID-19 attrition rates and the aging of the population upon the persistent shortage of radiologists in the United States.
Can Contrast-Enhanced Mammography be a Viable Screening Alternative to Breast MRI?
June 17th 2025While the addition of contrast-enhanced mammography (CEM) to digital breast tomosynthesis (DBT) led to over a 13 percent increase in false positive cases, researchers also noted over double the cancer yield per 1,000 women in comparison to DBT alone.