Businessweek

Koninklijke Philips Electronics N.V., a technology company, operates in healthcare, lighting, and consumer well-being markets. Businesses Healthcare The company’s Healthcare business is organized around four strategic business groups: Imaging Systems: It includes integrated clinical solutions, such as radiation oncology, clinical applications and platforms, and portfolio management; advanced diagnostic imaging, including computed tomography, magnetic resonance imaging, and molecular imaging; diagnostic X-ray, including digital X-ray and mammography; interventional X-ray, including cardiology, radiology, surgery, and other areas; and ultrasound, a modality with various customers and clinical presence. Patient Care and Clinical Informatics: It includes enterprise patient monitoring solutions, from value solutions to connected solutions, for real-time clinical information at the patient’s bedside; cardiology informatics and enterprise imaging informatics, including picture archiving and communication systems, and other clinical information systems; patient monitoring and clinical informatics; mother and child care, including products and solutions for pregnancy, labor and delivery, newborn and neonatal intensive care, and the transition home; and therapeutic care, including cardiac resuscitation, emergency care solutions, therapeutic temperature management, anesthesia care, hospital respiratory systems, and ventilation. Home Healthcare Solutions: It includes sleep management, respiratory care, and non-invasive ventilation; medical alert and medication dispensing services for independent living; and remote patient monitoring. Customer Services: It includes equipment services and support, including service contracts, equipment maintenance, proactive monitoring, and multi-vendor services; managed service programs, including equipment financing and asset management; and professional services, including consulting, site planning and project management, education, and design. Markets: The company operates in the United States, Japan, China, and Germany. It has presence in the Middle East with strategic alliances in Saudi Arabia and Abu Dhabi. Seasonality: Sales at Healthcare are generally higher in the second half of the year (December 2012) largely due to the timing of new product availability and customer spending patterns. Regulatory Requirements: The company is committed to compliance with regulatory product approval and quality system requirements in every market it serves by addressing specific terms and conditions of local and national regulatory authorities, including the U.S. FDA and comparable foreign agencies. Consumer Lifestyle The company’s Consumer Lifestyle business consists of various areas of business, such as health and wellness, including mother and childcare, and oral healthcare; personal care, including male grooming, skincare, and beauty; domestic appliances, including coffee, floor care, garment care, kitchen appliances, water and air, and beverage appliances; and lifestyle entertainment, including audio and video entertainment, communications, headphones, and accessories. Markets: The company operates manufacturing and business creation organizations in Austria, Brazil, China, India, Indonesia, Italy, the Netherlands, Romania, the U.K., and the U.S. Seasonality: The Consumer Lifestyle business experiences seasonality with higher sales in the fourth quarter (year ending December 2012) resulting from the holiday sales. Regulatory Requirements: Consumer Lifestyle is subject to regulatory requirements in the markets where it operates. This includes the European Union’s Waste from Electrical and Electronic Equipment, Restriction of Hazardous Substances, and Energy-use of Products requirements. Consumer Lifestyle has an improving portfolio of medically regulated products in its health and wellness, and personal care businesses. For these products, the company strives to meet the requirements of the U.S. FDA, the European Medical Device Directive, the SFDA in China, and the regulations stipulated by Health Authorities in India. Lighting Philips Lighting engages in