Medtronic plc has announced a new strategic partnership with Philips to enhance and expand access to patient monitoring technology. Building on a collaboration history that dates back to 1992, the two healthcare technology leaders have signed a multi-year agreement aimed at improving patient care. The partnership will see the integration of Medtronic's next-generation technologies into Philips' monitoring solutions, creating a comprehensive offering for healthcare providers. This includes incorporating Medtronic's Nellcor™ pulse oximetry, Microstream™ capnography, and BIS™ brain monitoring into Philips' systems, along with bundling essential supplies like ECG and NIBP. The collaboration intends to empower healthcare professionals with advanced technology to personalize patient care globally, complemented by joint training and education programs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.