Philips Healthcare Doubles Down On Creating An Agile Future

After an admittedly difficult 2022 for a variety of reasons, Philips Healthcare is ready to tackle 2023 and beyond by reducing business complexities, slimming staff numbers further and crucially implementing a new value creation strategy under recently appointed CEO Roy Jakobs.

Philips sign.
• Source: Alamy

Philips Healthcare/Respironics' product recalls and remediation actions continue to cast a long shadow over business, but the company is seeking to target sunnier horizons with a variety of strategic changes.

In announcements coinciding with the release of fourth quarter and full year 2022 sales and earnings, CEO Roy Jakobs marked...

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