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Philips to expand its health care consulting services in the U.S. with the acquisition of Blue Jay Consulting

October 6, 2015

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Amsterdam, the NetherlandsRoyal Philips (NYSE: PHG, AEX: PHIA) today announced that it has signed an agreement to acquire Blue Jay Consulting, a leading provider of consulting services to hospital emergency departments in the U.S. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2015. Financial details of the transaction will not be disclosed.
“Our customers are increasingly asking us to help them improve patient engagement and operational efficiencies across their enterprise,” said Jeroen Tas, CEO Healthcare Informatics, Solutions and Services. “The ability to augment our health technology offering with consulting services is therefore a critical element of our integrated solutions. With the acquisition of Blue Jay Consulting, Philips is further executing on its strategy to strengthen its capabilities to enhance the operational and financial performance of hospitals and health systems, while enhancing outcomes for both hospitals and patients alike.”

In the past three years, Philips has significantly strengthened its capabilities in consulting services and business model innovation in health care. This has, for example, resulted in the recently announced long-term enterprise managed services partnership with Westchester Medical Center Health Network in the state of New York. The acquisition of Blue Jay Consulting will further expand these capabilities, primarily in the U.S, but also globally.

Blue Jay Consulting, headquartered in Orlando, Florida, U.S., has built up a highly successful practice through comprehensive assessment, process improvement, coaching, teaching and implementing outcome-oriented solutions. The company employs approximately 35 employees.

Blue Jay Consulting will become part of Philips’ Healthcare Informatics, Solutions and Services business, which offers hospitals and health systems with consulting, education and design services, customized clinical programs, advanced data analytics and interoperable, cloud-based platforms necessary to implement new models of care.

More information about Philips’ enterprise-wide consulting services can be found here.
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For further information, please contact:

Steve Klink

Philips Group Communications
Tel.: +31 6 1088 8824

Leandro Mazzoni

Philips Investor Relations
Tel.: +31 20 5977055


About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 106,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at  .

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..