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Philips, Post Lighting Spinoff, Eyes Billion-Dollar Deals

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Eric Billiter

Philips s wide-ranging product history -- everything from light bulbs and coffee makers to MRI machines -- could help it grab more of the connected market for homes and hospitals.

Philips now has the money to reduce debt incurred in the Volcano acquisition and buy additional companies to increase scale, he said.

That means that there s going to be multiple moments of cash inflow.

You ve got these new companies which have a more innovative and flat structure, that identify things that work and then get them quickly adopted.

More than half of patients ages 18 to 34 reported that they own or use at least one health-monitoring device.

A quarter of that population said they are knowledgeable about connected-care technology, compared with 14 percent of people ages 55 and older, the study found.According to the survey of more than 25,000 patients and almost 2,700 health-care professionals in 13 countries, emerging markets also appear to be leading in the adoption of cutting-edge technologies.

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Eric Billiter
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