Comment on Philips Moves its Focus to Healthcare as it Splits Off Lighting

Philips Moves its Focus to Healthcare as it Splits Off Lighting

NEW YORK (The Deal) -- Royal Philips said on Tuesday it will split off and consider a sale of its €7 billion ($9 billion) lighting unit in order to focus on its larger health and consumer lifestyles businesses to capitalize on an expected convergence in the markets for professional and consumer healthcare equipment and services.

 

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