Medtech Insight

HHS Bails Out Of Contract With Royal Philips To Make Ventilators

31 Aug 2020

• By Shawn M. Schmitt

The US HHS has partially terminated a deal it made in April with Philips to manufacture 43,000 medical ventilators. The contract had been worth a whopping $646.7m.

Businessman employer breaks a contract. Breach of a deal. Termination of cooperation, disagreement to renew extend agreement. Termination of order. Violation of conditions and rules. End cooperation

The US Department of Health and Human Services has bailed on a deal it made in April with Royal Philips to make 43,000 medical ventilators to help fight COVID-19.

The contract had been worth a whopping $646.7m. The deal also included an order for an additional 2,500 vents, which...