Philips wins €27 million contract for digital radiography systems in
30 January 2007
Ningbo, China. Royal Philips Electronics (NYSE: PHG,
AEX: PHI) has signed an agreement with Ascent Profit, a leading Chinese
medical equipment wholesaler, to supply 200 high-end radiography systems to
hospitals in China in a deal worth €27 million.
Through the agreement with Ascent Profit, Chinese hospitals now have
access to Philips' DigitalDiagnost and Philips' Essenta DR. These are
designed to provide small and medium-sized hospitals with advanced digital
X-ray capabilities and more efficient digital image workflow.
"Digital radiography is one of the fastest-growing segments in the
Chinese healthcare market," commented Lin Yang Chen, general manager of
Ascent Profit. "This agreement means we can provide major hospitals across
the country with a sophisticated digital radiography solution, enabling them
to raise the quality of diagnosis while increasing the number of patients
they can treat."
Growing at rate of approximately 11% each year, the
Chinese healthcare market is currently one of the most rapidly expanding in
the world. As patient numbers increase so does the pressure on the country's
hospitals, which already treat more than double the number of patients of
similar facilities in Europe. While China's healthcare facilities seek to
increase the quality of care for an increasing number of patients, finding
ways to simplify diagnostic procedures and access to patient data becomes
"At Philips we understand that the needs of every market and every
customer are different. That's why we work closely with our dealers in China
to ensure our world-leading solutions meet the needs of our customers in the
fast-growing high-end market in China," said David Jin, CEO, Philips Medical
Systems China. "Our recent introduction of economical radiography systems
demonstrates our commitment to making advanced equipment for improved
patient care available at a price point that will drive broad adoption in
emerging markets such as China's."