Philips Healthcare (PH) sales were 9.6 Billion in 2013, representing more than 40% of the Philips total. 8% of sales are invested in R&D. PH is dedicated to creating the future of health care and saving lives. We develop innovative solutions across the continuum of care in partnership with clinicians and our customers (medical centers, hospitals) to improve patient outcomes, provide better value and expand access to care. As a leader in healthcare technology and solutions, we are well positioned to help clinicians diagnose, treat and manage todays most prevalent diseases as quickly, effectively and efficiently as possible. PH employs more than 37,000 people in 100 countries worldwide and in its key strategic hub in Best, the Netherlands, 3500 people are employed. The site in Best is the largest Philips location worldwide.
In addition, our open approach to innovation enables us to consistently break new ground in the challenging healthcare domain. Today, it has made us the 41st most desirable brand in the world. We do this by collaborating with many world-class partners and participate in public-private partnerships to expand and share knowledge, such as ITEA2 projects.