Philips Electronics officially relocates HQ to Massachusetts

TriMed Staff | | Health Imaging | Diagnostic Imaging

Senior management from Philips Electronics North America, together with Mass. Gov. Deval Patrick, announced Tuesday that Andover, Mass., will serve as the company's new North American headquarters, where Philips Healthcare currently is based.

As a result of the move, Philips said that Massachusetts now houses its largest presence in North America, with nearly 5,000 employees, six major worksites and manufacturing facilities.

The company estimated that its presence will inject more than $266 million dollars in payroll into the Massachusetts economy annually, when taking into account the various Philips facilities, including executive and administrative offices, R&D, warehousing and manufacturing.  

During the last twelve months, Philips said it has grown from approximately 20,000 to more than 30,000 employees in the United States, with offices and operations at 50 major facilities in 22 states.

 

 

TriMed Staff

Related Content

AI rules out abnormal findings on chest X-rays, significantly reducing workloads
Older adults among the walking wounded with incident TBI
Philips moves digital pathology to the cloud with AWS
PHOTO GALLERY: What does fetal medical imaging look like?
Speaker laments radiology’s major contribution to climate change
Radiologist accuracy takes a hit overnight, especially with advanced imaging exams

Around the web

Radiology Business
The biggest challenges facing radiology business managers in 2025

RBMA President Peter Moffatt discusses some of the biggest obstacles facing the specialty in the new year. 

Cardiovascular Business
New cardiac prevention paradigm explored in TRANSFORM trial using AI and CCTA

Deepak Bhatt, MD, director of the Mount Sinai Fuster Heart Hospital and principal investigator of the TRANSFORM trial, explains an emerging technique for cardiac screening: combining coronary CT angiography with artificial intelligence for plaque analysis to create an approach similar to mammography.

Cardiovascular Business
Cardiology practices pay $17.7M to settle fraud allegations brought on by whistleblowers

A total of 16 cardiology practices from 12 states settled with the DOJ to resolve allegations they overbilled Medicare for imaging agents used to diagnose cardiovascular disease.