2012 revenue: $9.3 billion
2011 revenue: $9.1 billion
Year in review: Philips' ($PHG) healthcare division experienced steady growth in sales of imaging equipment, ventilators and other hospital-related medical devices during the year. And particularly in the fourth quarter, Philips tried to grow this solid sector of its overall business even more. The company, for example, broadened its partnership with Sweden's Elekta to create a single MRI-guided radiation therapy system that blends MRI with precise radiation delivery. Among other deals, Philips joined forces with InfraReDx to develop an enhanced high-tech catheterization lab. Overall though, the broader company at large ended 2012 with a $488.5 million net loss in the fourth quarter, double last year, because it had to pay a whopping $694 million European Commission fine concerning a price-fixing scandal regarding cathode-ray tubes for now out-of-date televisions.
Philips Healthcare sales stepped up solidly in Q4