Tag: restructuring
Philips undergoes major restructuring
February 3, 2023Liz Beaulieu, Editor
AMSTERDAM – Philips has announced it will reduce its workforce by another 6,000 roles globally by 2025 in a bid to simplify its operating model.
The company plans to eliminate 3,000 roles in 2023 and the other 3,000 in 2024-25.
“This change and these reductions will help make Philips more agile, more competitive and, ultimately, result in supporting better outcomes for our customers and a simpler, more productive and more engaged workplace for employees, motivated and...
Drive DeVilbiss secures 'additional runway'
September 20, 2019HME News Staff
PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare has agreed in principle to receive $35 million in new capital, together with a reduction in cash debt service obligations from its current lenders.
The transaction has broad support from the substantial majority of Drive's first and second lien lenders, and includes new capital from its primary equity holders, according to a press release.
“We are pleased with the strong demonstration of support that our stakeholders have shown to...
PHM seeks to finalize restructuring
November 21, 2017HME News Staff
LAFAYETTE, La. - Patient Home Monitoring on Dec. 15 will ask security holders to vote on splitting the company in two. PHM will become a DME company specializing in delivering and servicing oxygen therapy, sleep apnea treatment and mobility equipment; and Viemed will become a respiratory company specializing in non-invasive vents for patients with COPD, CHF and neuromuscular conditions. PHM announced plans to split into two different companies last year. PHM's board of directors has unanimously approved...
A webcast schedule and a side note on the importance of saving
December 2, 2011Liz Beaulieu, Editor
(Let me just start this blog by saying: I had it half written, then went to save, and apparently I had waited too long because WordPress knocked me off. So here I go again.)
I've spent the better part of this week putting together a webcast schedule for 2012. I know...2012. My calendar for next year already looks like a mess of deadlines and events written in different colored pens. Yours?
We did eight webcasts this year, which is pretty good I think, but they were scheduled only a few months in...