Philips expands its capabilities in imaging equipment services with the acquisition of AllParts Medical

June 20, 2011

Amsterdam, The Netherlands and Nashville, USA – Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has acquired AllParts Medical, a privately owned US-based provider of imaging equipment parts and training. The acquisition supports Philips’ commitment to provide the imaging market with the highest quality service parts, training programs and technical support. It is an excellent fit with Philips’ Multi-Vendor Services business and growth ambitions. Financial terms of the acquisition were not disclosed.

 

“Philips’ Customer Services aims to support the operational performance goals of healthcare organizations,” said Greg Sebasky, general manager Customer Services, Philips Healthcare. “We work together with our customers to help improve healthcare delivery and optimize the economic value of their imaging equipment. The expertise of AllParts Medical expands our ability to provide tailored service offerings and to enhance the lifecycle management of our customers' imaging equipment.”

 

Headquartered in Nashville, Tennessee, USA, AllParts Medical has been providing comprehensive service support solutions to the healthcare market since 2006.  AllParts Medical, with more than 30 employees, provides replacement parts, technical training and support in X-ray based imaging equipment such as general X-ray, cardiovascular X-ray and X-ray Computed Tomography (CT).

AllParts Medical

For more information, please contact:

Steve Klink
Philips Corporate Communications
Tel: +31 20 59 77415
Email: steve.klink@philips.com

 

Court Elliott
Philips Corporate Communications North America
Tel: +1 212.536.0817
Email: court.elliott@philips.com

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About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs about 117,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

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Forward-looking statements

This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

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