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BUSINESS BITES: Philips strikes $225m service deal; Mindray MBO goes ahead; IPOs for Curetis, SurgiQuest

This article was originally published in Clinica

Executive Summary

Consistent with its strategic focus on being an all-solutions provider to hospitals and health systems, Philips has forged a Can$300m ($225m) deal with Ontario’s Mackenzie Health. The 18-year agreement, claimed to be the largest of its kind in Canada, will see Philips offer the existing Mackenzie Richmond Hill hospital and the new Mackenzie Vaughan hospital that will be completed in 2019 medical equipment, as well as services such as systems integration, equipment maintenance, room design, cloud-based predictive analytics and diagnostic technologies.

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