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Philips plans European customer finance business

This article was originally published in Clinica

Executive Summary

Royal Philips Electronics, the parent company of Philips Medical Systems, is planning to set up a joint venture with French banking and investment group Societe Generale to offer financing deals to its medical system customers. The Dutch firm says that the new venture, Philips Medical Capital, will offer customers in six key European markets financing options for its full range of diagnostic imaging, patient monitoring and other equipment.

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