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 the start of his first calendar year in the hot seat with a promise that the Dutch

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