Deals
Philips Is on Lookout for Acquisitions to Sharpen Health Focus
- CEO van Houten calls latest earnings a good start to 2018
- Dutch company orders grow 10% as hospitals sign contracts
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Royal Philips NV Chief Executive Officer Frans van Houten said the Dutch manufacturer of medical equipment remains on the hunt for companies to buy as it hones focus on the health-care sector.
“We are interested to do bolt-on acquisitions,” he said in an interview on Monday with Bloomberg TV after publishing quarterly earnings. “Deals done last year were bolt-on, not transformational from a size point of view, but very important nuggets.”