Premium consumer goods company Koninklijke Philips N.V PHG recently announced a decision to display its premium and latest cardiology solutions – Heart Model, IntelliSpace Cardiovascular and EchoNavigator – at the European Society of Cardiology (‘‘ESC’’) Congress 2015. The company claims that its new cardiology solutions would help connect technology with people, supported by well-guided diagnosis and treatment, which would ultimately improve the efficiency of cardiac home care.
As per the company, the latest suite of cardiology solutions would ensure enhanced care for cardiac patients in a unique way, by not only thoroughly examining matters related to the disease but also considering minute aspects of cardiac heath that might be associated with a patient’s health throughout his/her lifetime. Management also claims that the newly invented solutions would help physicians to asses the diseased states of patients more effectively, and provide them with accurate treatment as well as confirm interventions where necessary.
Koninklijke Philips is one of the largest electronics firms in the world. The company is divided into four distinct business sectors: Healthcare, Consumer Lifestyle, Lighting, and Innovation & Group Services. Its Healthcare segment is the one of the largest manufacturers of medical diagnostic equipment.
We believe the latest cardiology solutions would serve to strengthen the company’s existing product portfolio. At the same time, showcasing these solutions at the largest and most prominent cardiology event in the world, ESC Congress 2015, would undoubtedly boost the company’s overall brand status in the global healthcare equipment market.
Stocks to Consider
Koninklijke Philips currently sports a Zacks Rank #1 (Strong Buy). Other well-ranked stocks in the industry include GigOptix, Inc. GIG, Kopin Corporation KOPN and Control4 Corporation CTRL. While both GigOptix and Kopin Corporation carry the same Zacks Rank as Philips, Control4 Corporation holds a Zacks Rank #2 (Buy).
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