MobiHealth News August 15, 2025
The financing comes on top of the company’s $900 million annual research and development investment in the U.S.
Health technology company Philips is investing more than $150 million in manufacturing and research and development in the U.S. and is expanding manufacturing facilities in Pennsylvania and Minnesota.
The company said the investments are in addition to Philips’ annual $900 million research and development investment in America.
The company plans to expand its Reedsville, Pennsylvania, manufacturing facility, which produces AI-enabled ultrasound systems for hospitals.
After the expansion, the Reedsville site will begin to customize software and configurations of ultrasound systems for clinical procedures in cardiovascular, general and maternal care.
Philips also expanded its image-guided therapy facility in Plymouth, Minnesota, which will...
Today's Sponsors
Today's Sponsor