William Demant, a global market leader in hearing healthcare, declared a partnership with Phillips.
President and CEO of William Demant, Søren Nielsen, stated, “I am happy and proud to partner with Philips – one of the world’s best known and highly trusted healthcare brands. We clearly see a great match between William Demant’s technological know-how and Philips’ broader healthcare offering. By partnering with Philips, we get a unique opportunity to take connected hearing healthcare to the next level and offer new and exciting solutions within integrated healthcare services to the benefit of both professionals and people living with hearing loss.”
Demant’s leading technology with Phillips global presence in healthcare
The partnership will combine William Demant’s innovative technology in hearing healthcare and Phillip’s global presence in a large scale of healthcare solutions together. Demant will bring Phillips-branded hearing solutions to the global market.
With a presence in more than 30 countries, the William Demant Group of international companies develops, manufactures and sells innovative solutions incorporating microelectronics, micromechanics, wireless technology, software, and audiology. Their clienteles include the independent dispenser and large retail chains, audiologist, ENT (ear, nose, and throat) doctors, children’s nurse and hospital surgeons.
On the other hand, Phillips develops and distributes enterprise-wide medical image and information management solutions, providing healthcare products and services in vast areas such as Advanced Molecular Imaging, Clinical Informatics, Computed Tomography, Diagnostic ECG, Emergency Care and Resuscitation and Magnetic Resonance.
Andrew Mintz, SVP, Head of Global Brand Licensing at Philips, said, “We are excited to partner with William Demant, as they bring audiological leadership and innovative hearing technology to the market. Together, we will be able to help improve the lives of even more people living with hearing loss and deliver on our shared vision of creating a healthier world through innovation.”
With 17.4 billion euro annual revenue and 71,000 employees, Phillips also has a partnership with other healthcare organizations like Banner Health, AU Health, Mackenzie Health, Bon Secours, WMC Health and MUSC Health.
