Philips and Phoenix Children’s Hospital Sign 15-Year Agreement to Redefine Imaging, Patient Monitoring and Clinical Informatics in Pediatric Care

• First-of-its-kind, long-term strategic partnership between Philips
  and stand-alone children’s hospital system will accelerate co-creation
  of solutions specifically designed to address the unique needs of
  children
• Partnership builds on established clinical excellence in diagnostic
  imaging, and accelerates care delivery for children in the Southwest
  and those who come to Phoenix Children’s from around world
• Collaboration, innovation and research between the organizations
  will also contribute to the way Philips addresses pediatric needs both
  now and in the future

AMSTERDAM & PHOENIX–(BUSINESS WIRE)–Royal
Philips (NYSE: PHG, AEX: PHIA) a leading health technology company,
and Phoenix Children’s Hospital, a U.S. News and World Report “Best
Children’s Hospital,” today announced a long-term strategic partnership
with a total value of up to USD 65 million. Phoenix Children’s is the
first stand-alone children’s health system to sign a long-term strategic
partnership model with Philips. The partnership develops from a leading
collaboration in diagnostic imaging to expand the Phoenix Children’s
programs and further drive clinical excellence. Phoenix Children’s will
have access to Philips’ advanced medical technologies like imaging
systems in CT, MRI and angiography, patient monitoring, clinical
informatics, and a comprehensive range of clinical and business
consulting services. These technologies and services will help Phoenix
Children’s expand its high standards of care and integrate its divisions
and facilities for a seamless patient experience.

“Philips technology provides sophistication in patient diagnosis and
strategic foresight that improves the solutions and care our teams
deliver,” said Dr. Richard Towbin, Division Chief of Pediatric Radiology
at Phoenix Children’s. “Together, Phoenix Children’s and Philips
developed technologies such as dose reduction using iterative CT
reconstructions and pediatric MRI protocols that are now factory
standards worldwide. We also have an advanced 3D print laboratory that
constructs life-size models of patients’ hearts and other organs,
illustrates exact tumor size, and uses post-processing software to study
heart and brain physiology using MRI and CT.”

Philips and Phoenix Children’s have a shared commitment to clinical
excellence and connected patient care that can help drive efficiency,
while improving the patient experience and outcomes. Through innovation,
the two organizations want to make healthcare more sustainable and
accelerate solutions and services specifically designed to address the
needs of children.

“The staff at Phoenix Children’s continues to push the boundaries of
pediatric care and we want to build on the great work they have done,
marrying their deep understanding of children’s clinical needs with our
leading technologies and research, to create integrated solutions that
can support this precious segment of society, ” said Brent Shafer, CEO
of Philips North America. “Phoenix Children’s has helped us to take our
innovations in diagnostic imaging to the next level and we look forward
to working with them to do the same in the areas of patient care
monitoring and informatics, exploring how to apply machine learning and
accelerating the transformation of pediatric care.”

Phoenix Children’s provides world-class inpatient, outpatient, trauma,
emergency and urgent care to children and families in Arizona and
throughout the Southwest. As one of the largest children’s hospitals in
the country, Phoenix Children’s provides care across more than 75
pediatric specialties.

“Phoenix Children’s values working with partners who understand treating
children is more complex, and this population shouldn’t simply be
categorized as ‘little adults’,” David Higginson, Chief Administrative
Officer at Phoenix Children’s. “Philips understands the long-term value
of investing in pediatric care, even though it is a relatively small
subset of the healthcare market, and is willing to invest time and
research into the unique needs of pediatric care, which makes us
confident in this partnership. Our insights and research paired with the
knowledge and scale of a technology leader like Philips will help us
jointly develop solutions that can have meaningful impact on global
pediatric health.”

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. Headquartered in the Netherlands, 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. Philips’
health technology portfolio generated 2016 sales of EUR 17.4 billion and
employs approximately 71,000 employees with sales and services in more
than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About Phoenix Children’s Hospital

Phoenix Children’s Hospital is Arizona’s only children’s hospital
recognized by U.S. News & World Report’s Best Children’s Hospitals with
rankings in all ten specialties. Phoenix Children’s provides world-class
inpatient, outpatient, trauma, emergency and urgent care to children and
families in Arizona and throughout the Southwest. As one of the largest
children’s hospitals in the country, Phoenix Children’s provides care
across more than 75 pediatric specialties. The Hospital is poised for
continued growth in quality patient care, research and medical
education. For more information about the hospital, visit http://www.phoenixchildrens.org.

Contacts

Philips North America
Silvie Casanova, +1 781-879-0692
silvie.casanova@philips.com
or
Philips
Group Communications
Kathy O’Reilly, +1 978-221-8919
Kathy.oreilly@philips.com
Twitter:
@kathyoreilly
or
Phoenix
Children’s Hospital
Erica Sturwold, 602-933-5871 (o)
847-571-0326
(m)
esturwold@phoenixchildrens.com
or
Phoenix
Children’s Hospital
Lia Steinberg, 602-933-1091 (o)
602-748-9331
(m)
lsteinberg@phoenixchildrens.com