Company Website:
http://www.philips.com
AMSTERDAM -- (Business Wire)
Royal
Philips (NYSE: PHG, AEX: PHIA) today announced that it has signed an
agreement to acquire Wellcentive, a leading US-based provider of
population health management software solutions. Financial details of
the transaction will not be disclosed.
In population health management, Philips already offers enterprise
telehealth, home monitoring, personal emergency response systems (PERS)
and personal health services that address multiple groups within a
population from intensive ambulatory care for high-risk patients to
prevention and personal health programs for the general population.
Wellcentive complements Philips’ portfolio with cloud-based IT solutions
to import, aggregate and analyze clinical, claims and financial data
across hospital and health systems to help care providers deliver
coordinated care that meets new healthcare quality requirements and
reimbursement models.
Upon completion of the transaction, which is expected later today,
Wellcentive and its employees will become part of the Population Health
Management business group within Philips. Tom Zajac, CEO of Wellcentive
and an experienced healthcare industry leader, will be appointed to lead
this business group.
“With this strategic acquisition, we will strengthen our Population
Health Management business and its leadership, as health systems
gradually shift from volume to value-based care, and provide more
preventative and chronic care services outside of the hospital,” said
Jeroen Tas, Philips’ CEO Connected Care & Health Informatics. “Our sweet
spot is at the point of care as we give consumers, patients, care teams
and clinicians the tools, such as remote monitoring solutions and
therapy devices, to optimize care. Wellcentive’s solutions will provide
our customers with the ability to collect data from large populations,
detect patterns, assess risks and then deploy care programs tailored to
the needs of specific groups.”
“Over the past 11 years, the Wellcentive team has focused on delivering
data-driven clinical, financial, and human outcomes for our customers as
they provide care management for more than 30 million patients,” said
Tom Zajac, CEO of Wellcentive. “Combining forces with Philips and its
broad portfolio of health technologies and global reach will create a
great foundation to accelerate growth in connected care – from healthy
living and prevention, to diagnosis, treatment and home care – enabling
consumers, providers and health organizations to benefit from our
combined, stronger offering in population health management.”
Wellcentive’s applications will be integrated in the Philips HealthSuite
cloud, the company’s digital enabler for the next generation of
connected health solutions. One example of Philips’ existing care
programs for population health management is the Intensive Ambulatory
Care (eIAC) program: this combines telehealth technologies and
population health management software to help care teams monitor and
coach patients at home. It aims to improve patient outcomes, care team
efficiency, and prevent patients from entering the hospital, where costs
are significantly higher.
Founded in 2005 and headquartered in Atlanta, Georgia, Wellcentive
employs approximately 115 employees. The company has a strong customer
base in the US.
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is
a leading health technology company focused on improving people’s health
and enabling better outcomes across the health continuum from healthy
living and prevention, to diagnosis, treatment and home care. Philips
leverages advanced technology and deep clinical and consumer insights to
deliver integrated solutions. The company is a leader in diagnostic
imaging, image-guided therapy, patient monitoring and health
informatics, as well as in consumer health and home
care. Headquartered in the Netherlands, Philips’ health technology
portfolio generated 2015 sales of EUR 16.8 billion and employs
approximately 69,000 employees with sales and services in more than 100
countries. News about Philips can be found at www.philips.com/newscenter.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160720005264/en/
Contacts:
Philips Group Communications
Steve Klink, +31 6 10888824
steve.klink@philips.com
or
Philips
Investor Relations
Leandro Mazzoni, +31 20 5977055
investor.relations@philips.com
Source: Royal Philips
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