| Nearly a decade ago, Royal Philips
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| | Philips adopted Witt Biomedical
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| Electronics of the Netherlands fathered
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| | Corporation, the largest independent
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| Philips Healthcare Services and appears
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| | supplier of Cath Lab monitoring and
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| determined that their subsidiary will
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| | reporting systems.
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| soon become King of the medical
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| | In its pursuit to be crowned King of the
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| equipment industry. This move apparently
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| | Medical Equipment industry, Philips
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| came in response to GE Medical Systems'
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| | Healthcare Services has obtained 6
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| announcement that it planned on becoming
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| | businesses since its inception in 1998.
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| king itself of the ultrasound industry
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| | Every single one of the 6 has stretched
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| before the year 2000. Not to be
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| | Philips' offerings to include a total of
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| "out-royaled", Philips from the first
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| | ten medical imaging modalities, from CT
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| year started an acquisition frenzy so
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| | to MRI to x-ray, along with
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| they could expand its subsidiary's
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| | defibrillation and cardiac monitoring
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| product portfolio well beyond its initial
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| | equipment plus image and information
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| product line, which started in 1918 with
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| | management solutions.
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| medical x-ray tubes.
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| | So, has Philips moved into the royal
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| At the end of Philips Healthcare Services
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| | industry castle yet? Some believe so. In
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| first year, Philips Electronics added
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| | fact, before the last two acquisitions,
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| digital ultrasound systems to PHS's
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| | Palo Alto's "growth consulting" company
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| portfolio by getting ATL Ultrasound of
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| | Frost & Sullivan thought so. In 2004
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| Washington. Only two years after, in late
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| | Frost & Sullivan announced they were
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| 2000, Philips grew into nuclear medicine
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| | giving Philips 5 awards for "technology
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| by absorbing ADAC Laboratories of
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| | and services innovation and industry
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| California.
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| | leadership". Philips was recognized for
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| In 2001 was a very productive year as
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| | making distinguished contributions to the
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| Philips went into a very high gear by
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| | cardiac resuscitation and medical imaging
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| obtaining two more businesses and their
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| | industries and for providing leadership
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| product lines - Agilent and Marconi
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| | in these market segments.
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| Medical. By procuring Agilent
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| | Was Frost & Sullivan just searching for a
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| Technologies Healthcare Solutions Group
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| | place at the royal court or were these
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| of Massachusetts, Philips catapulted past
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| | genuine kudos? Probably the later. F&S
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| GE Medical as the leader of the
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| | held interviews with a myriad of market
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| ultrasound sector. Philips absorbed
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| | players along with their customers and
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| Agilent's expertise in the areas of
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| | suppliers, and reportedly did great
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| diagnostic cardiology, automated
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| | research into the medical equipment
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| defibrillators, patient monitoring, and
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| | technology field.
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| point of care diagnostic systems.
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| | One of the 5 awards included the
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| Marconi Medical Systems of Ohio, formerly
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| | regent-like titles of "Medical Imaging
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| Picker International, was already a big
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| | Company of the Year", "New Care Setting
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| player in its own right among major
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| | of the Year", and "Medical Imaging
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| global CT suppliers. With Marconi,
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| | Technology of the Year". The other two
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| Philips gained cutting-edge multi-slice
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| | were for Technology Leadership and
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| CT technology along with cardiology,
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| | Services Innovation Leadership.
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| oncology and PET/CT imaging applications.
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| | The response of Jouko Karvinen, of
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| These two acquisitions in 1 year landed
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| | Philips Medical Systems, to the awards
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| Philips in the top 3 for the entire
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| | sounded like the exact same of an
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| medical equipment industry along with
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| | industry coronation speech. He stated,
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| giants Siemens and GE Medical - some say
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| | "We proudly accept the Frost Sullivan
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| as number two.
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| | Awards as an independent validation of
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| Back in 2005, the growth continued as
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| | Philips business and technology
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| Philips bought Stentor, Inc. of
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| | leadership. These 5 awards are further
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| California, provider of best-in-class
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| | indicators that Philips continues to set
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| picture archiving and communications
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| | the industry standard for developing
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| systems (PACS). This move allowed Philips
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| | innovative products that help treat
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| to aid its clients successfully manage
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| | patients and save lives."
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| the many amounts of imaging data created
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| | NOTE: Use of this article requires links
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| by its medical scanners. Then, the
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| | to be intact.
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| following year, the growth continued as
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