Philips rose more than 3% in premarket trading

Philips rose more than 3% in premarket trading.

Philips has signed a 12-year strategic partnership with IJsselland Hospital which will focuses on innovation, digitalization and optimization across patient monitoring and radiology solutions.

As the hospital’s strategic technology partner, Philips will target improved care for patients and care providers at IJsselland Hospital and in the surrounding region.

In addition to the new strategic partnership, both parties plans to expand their existing home monitoring partnership for patients with heart failure and COPD, pursuant to which Philips will facilitate remote care and telehealth programs.