Dutch industrial conglomerate Royal Philips Electronics this week announced a corporate restructuring that includes the merging of its consumer and professional healthcare divisions into a single unit.
Under the company's Vision 2010 program, Philips plans to simplify its corporate structure into three main divisions. In healthcare, the company's Consumer Healthcare Solutions unit will be renamed Home Healthcare Solutions, and will be merged with Philips Medical Systems of Andover, MA, into a new Philips Healthcare division.
Leading the new Philips Healthcare unit will be Philips Medical Systems CEO Steve Rusckowski. The two other Philips divisions will consist of Philips Lighting and Philips Consumer Lifestyle, which will include the company's Consumer Electronics and Domestic Appliances and Personal Care units. The changes will be effective January 1, 2008.
In addition to the restructuring, Philips said that a goal of the Vision 2010 program is to boost the EBITA (earnings before interest, taxes, and amortization) margin of its current businesses to exceed 10%. The company hopes to achieve savings of 150 million to 200 million euros ($208 million to $277.4 million) through the reorganization.
In other Philips news, the company said it sold its 2.5% stake in speech recognition firm Nuance Communications of Burlington, MA. Philips said it will receive proceeds from the sale of about 60 million euros ($83.2 million).
By AuntMinnie.com staff writers
September 14, 2007
Related Reading
Philips launches workstation for preclinical use, September 10, 2007
Philips chosen for telehealth contract, August 23, 2007
Philips to acquire Ximis, August 16, 2007
Philips shows upgraded radiation planning suite, July 24, 2007
DRA affects Philips Medical sales in Q2, July 19, 2007
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![Representative example of a 16-year-old male patient with underlying X-linked adrenoleukodystrophy. (A, B) Paired anteroposterior (AP) chest radiograph and dual-energy x-ray absorptiometry (DXA) report shows lumbar spine (L1 through L4) areal bone mineral density (BMD). The DXA report was reformatted for anonymization and improved readability. The patient had low BMD (Z score ≤ −2.0). (C) Model (chest radiography [CXR]–BMD) output shows the predicted raw BMD and Z score in comparison with the DXA reference standard, together with interpretability analyses using Shapley additive explanations (SHAP) and gradient-weighted class activation maps. The patient was classified as having low BMD, consistent with the reference standard. AM = age-matched, DEXA = dual-energy x-ray absorptiometry, RM2 = room 2, SNUH = Seoul National University Hospital, YA = young adult.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/04/ai-children-bone-density.0snnf2EJjr.jpg?auto=format%2Ccompress&fit=crop&h=100&q=70&w=100)
![Representative example of a 16-year-old male patient with underlying X-linked adrenoleukodystrophy. (A, B) Paired anteroposterior (AP) chest radiograph and dual-energy x-ray absorptiometry (DXA) report shows lumbar spine (L1 through L4) areal bone mineral density (BMD). The DXA report was reformatted for anonymization and improved readability. The patient had low BMD (Z score ≤ −2.0). (C) Model (chest radiography [CXR]–BMD) output shows the predicted raw BMD and Z score in comparison with the DXA reference standard, together with interpretability analyses using Shapley additive explanations (SHAP) and gradient-weighted class activation maps. The patient was classified as having low BMD, consistent with the reference standard. AM = age-matched, DEXA = dual-energy x-ray absorptiometry, RM2 = room 2, SNUH = Seoul National University Hospital, YA = young adult.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/04/ai-children-bone-density.0snnf2EJjr.jpg?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
