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Philips Healthcare: Targeting Healthtech Market Recovery Via Value Creation

Challenges Of Recall Add To Pandemic-induced Pressures

 
• By Ashley Yeo

Quality issues relating to a historical acquisition have held back Philips Healthcare’s financial performance in the post-COVID phase, while market competitors have been able to chart a less bumpy path through the tail end of the pandemic. All are facing supply chain and inflationary pressures.

Roy Jakobs
Philips Healthcare CEO Roy Jakobs • Source: Philips Healthcare

On the positive side, Philips Healthcare CEO Roy Jakobs knows how to tough it out.

Three years ago, the company promoted him from chief business leader of personal health to the counterpart role in connected care, the second largest of Philips' three health care divisions

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