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Probably given the Q1 profit drop, they had to do something about the steep revenue decline of their Personal Health businesses. You may not remember that Philips acquired the Lifeline business in 2006 for $750 million. What did they get for that investment? The leader in the “Medical Alert/Medical Alarm/PERS space.”
And the shortages in home care , home healthcare , skilled nursing facilities and senior living are juxtaposed with an overall labor shortage, just as the oldest baby boomer has turned 76 and has significant remaining life expectancy. Another long-time PERS player sees a watch, makes a watch.
There’s also financial stress, and the stress of doing hands-on nursing tasks we’re never trained for. Is it any wonder the caregiver’s own health often deteriorates? Healthtechnology companies: Build caregiver proxy access into your app or platform. Assessment of Family Caregivers: A Research Perspective.
Probably given the Q1 profit drop, they had to do something about the steep revenue decline of their Personal Health businesses. You may not remember that Philips acquired the Lifeline business in 2006 for $750 million. What did they get for that investment? The leader in the “Medical Alert/Medical Alarm/PERS space.”
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