Sep 19, 2018

Philips expands Senior Living resident safety solutions portfolio via acquisition of Blue Willow Systems

Blue Willow Systems’ next-generation, cloud-based resident safety platform facilitates Software-as-a-Service (SaaS) business models and supports population health management
Philips further expands its senior living portfolio through collaboration with Inovonics, a leading provider of high-performance wireless sensor networks for life-safety applications

Amsterdam, The Netherlands - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has acquired US-based Blue Willow Systems, a developer of a next-generation, cloud-based senior living community resident safety platform. Blue Willow Systems complements Philips’ existing CarePoint 6.0 senior living platform by providing the company’s customers with new solutions for resident and staff management with a Software-as-a-Service (SaaS) business model, and added functionality such as Bluetooth-enabled wearable devices and access points, real-time location tracking and enterprise reporting. These solutions will ultimately link the home, senior living communities and healthcare organizations, helping residents and their families along the aging journey. They are designed to enhance the quality of care and the operational performance of care providers seeking to optimize population health. The financial details of the transaction were not disclosed.

To further enhance its Senior Living resident safety portfolio, Philips has teamed up with Inovonics, an industry leader in high-performance wireless sensor networks for life-safety applications. Inovonics is the provider of the most widely used sensors and monitoring devices in senior living communities in North America. As a result of this collaboration, Philips’ CarePoint 6.0 platform is now capable of monitoring Inovonics’ devices as well as Philips’ market-leading Lifeline devices, offering senior living communities optimal flexibility in resident safety system design.

Philips has long been committed to supporting seniors along the aging journey, their caregiving families, and our senior living community partners

Ripley Martin

Business Leader of Philips Aging & Caregiving

“Philips has long been committed to supporting seniors along the aging journey, their caregiving families, and our senior living community partners,” said Ripley Martin, Business Leader of Philips Aging & Caregiving. “To enhance the quality of care and cope with rising demand, senior living communities are increasingly seeking to modernize their infrastructure, participate in more care settings, and better support residents through data. The addition of Blue Willow Systems and the collaboration with Inovonics position Philips as the enterprise partner of choice to support our customers with their transformation from analog to digital caregiving operations.”

Blue Willow Systems’ resident safety platform manages resident wandering with personalized wander boundaries, automatically detects falls, analyzes real-time resident and staff activity, and automatically sends event alerts to both mobile and desktop devices. The platform provides sophisticated incident and trend reports allowing operators to deliver better care, manage staff workflow and mitigate risk, resulting in increased staff productivity and resident and family satisfaction.

Philips CarePoint connects with Philips Lifeline personal alert buttons

By expanding its portfolio of connected solutions to help seniors along the aging journey and enhance care provider productivity, Philips is driving the healthcare industry’s transformation to value-based healthcare through population health management. For more information about Philips’ senior living resident safety solutions, please visit Philips’ booth at the LeadingAge Annual Meeting & EXPO in Philadelphia (US), October 28 – 31, 2018.

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 generated 2017 sales of EUR 17.8 billion and employs approximately 75,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Forward-looking statements

This release contains 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. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

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