Philips and Bon Secours Charity Health System announce $180 million, long-term strategic partnership to support transformation of patient care and build healthier communities

• Philips to support Bon Secours Charity Health System, a member of the Valhalla, NY-based Westchester Medical Center Health Network, through innovative medical technologies
• Partnership gives Bon Secours Charity Health access to industry-leading Philips solutions to support their goals of expanding access to quality care & building healthier communities through population health management
• Agreement is an adjunct to the existing 15-year, $500 million partnership between the Westchester Medical Center Health Network and Philips which started in 2015
• The Bon Secours Charity Health System-Philips partnership to focus on radiology, cardiology, neurology and pediatrics

ANDOVER, Mass. & SUFFERN, N.Y.--(BUSINESS WIRE)-- Royal Philips (NYSE:PHG, AEX:PHIA) and Bon Secours Charity Health System (BSCHS), a member of the Westchester Medical Center Health Network (WMCHealth), today announced a multi-year, strategic partnership agreement with a potential value of $180 million. The agreement will make Philips solutions available to BSCHS in support of their goal to transform the delivery of healthcare to the residents of New York’s Hudson Valley, including population health programs that can improve care and help build healthier communities.

The partnership, which is based on an enterprise managed services model, will provide BSCHS with advanced medical technologies such as imaging systems, patient monitoring, telehealth and clinical informatics solutions and a comprehensive range of clinical and business consulting services. Additionally, the collaboration will help BSCHS deliver on its mission of being a leading provider of community health services in the Hudson Valley, with a focus on redefining how quality care is delivered in areas such as radiology, cardiology, neurology and pediatrics. Hospitals and health systems with similar long-term strategic partnerships are seeing a significant reduction in technology and service spending, while enhancing productivity, optimizing performance and improving clinical quality.

“As part of a regional health system, we want to increase standardization, connectivity and optimization of our technology resources, while still having the flexibility to invest in the innovations we need to support healthier communities,” said Mary Leahy, MD, CEO of Bon Secours Charity Health System. “By collaborating with partners like Philips, we can go beyond providing diagnosis and treatment and work on proactive health management such as healthy living and prevention, building health in our communities. Together, we can transform healthcare, creating integrated solutions and patient care models, while providing exceptional, compassionate care for all those we serve.”

The partnership between Philips and BSCHS builds on the existing 15-year, $500 million relationship between Philips and WMCHealth which started in 2015. Through the agreement, BSCHS will work with Philips to optimize standardization, workflow, and medical technology deployment. With early and ongoing access to the latest Philips innovations in healthcare technology and established best practices, BSCHS should be able to further optimize its operational effectiveness.

BSCHS consists of Good Samaritan Hospital in Suffern, New York; Bon Secours Community Hospital in Port Jervis, New York and St. Anthony Community Hospital in Warwick, New York, along with long-term care facilities and other services.

In September of 2016, WMCHealth and BSCHS announced an investment of $40+ million in Bon Secours Community Hospital and the Port Jervis area that is expected to transform healthcare delivery in the region, with an expanded emergency room, upgraded imaging center and the conversion of 36 medical/surgical rooms from semi-private to private for increased patient comfort and privacy. Additionally, working with local partners, Bon Secours Community Hospital will become the centerpiece of a “medical village” that will bring together services key in nurturing a healthier community. Through this agreement, Philips is expected to play a key role in the redevelopment and renovation of Bon Secours Community Hospital.

BSCHS joins other North American organizations such as Augusta University Health (15-year term), Mackenzie Health (18-year term), Marin General Hospital (15-year term) Medical University of South Carolina (8-year term) and Banner Health (15-year term), as well established global partners including Royal Belfast and Ashford St. Peters, and the New Karolinska Solna (NKS) hospital in Sweden. These partnerships underscore Philips’ commitment to provide new solutions for hospitals and health systems, and highlight a growing trend in both U.S. and global healthcare towards strategic partnerships for creating long-term patient value.

“In order to improve people’s lives, we need to work closely with forward thinking organizations like BSCHS, to break the cycle of reactive care and focus on proactive population health management, with innovative technologies and care delivery solutions that empower people to be actively engaged in their personal health,” said Brent Shafer, CEO of Philips North America. “It is no longer good enough to treat people within the clinical setting when they are ill; health systems need a dedicated partner that can bring not just technology, but also deep healthcare and consumer expertise, resources and solutions that will help accelerate the transformation of their organization and ecosystem. Our partnership with BSCHS reinforces our leadership in long-term, strategic collaborations, while allowing them to expand access to quality care, manage costs and share risk. Ultimately, this will allow them to focus on their primary mission: delivering quality care and building health for the people in their communities.”

For more information, visit bschs.bonsecours.com.

About Royal Philips

Royal Philips (NYSE:PHG, AEX:PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2015 sales of EUR 16.8 billion and employs approximately 70,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About Bon Secours Charity Health System

Bon Secours Charity Health System (BSCHS), a member of the Westchester Medical Center Health Network (WMC Health), includes Good Samaritan Hospital in Suffern, NY; Bon Secours Community Hospital in Port Jervis, NY, and St. Anthony Community Hospital in Warwick, NY. The system also provides the services of a certified home health agency, two long-term care facilities, an assisted living and adult home facility and several off-site medical programs. In addition, the system includes the Bon Secours Medical Group, BSCHS’s regional network of more than 120 primary care physicians and specialists from a broad array of medical disciplines.

Residents of Rockland and Orange counties in NY, Northern NJ and Pike County, PA receive a broad range of health and wellness services from our healthcare providers. For more information about Bon Secours Charity Health System, visit www.charity.bonsecours.com or follow us at www.facebook.com/bschs and www.twitter.com/bschs.

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Philips Group Communications

Kathy O’Reilly, 978-659-2638

(m) 978-221-8919

[email protected]

@kathyoreilly

or

Philips North America

Silvie Casanova, 978-659-7467

(m) 781-879-0692

[email protected]

or

Bon Secours Charity Health System

Helene Guss, 845-368-5570

(m) 845-596-7783

Source: Royal Philips