Provost

MedTech Boston reporter Jenni Whalen writes that Philips has formed an alliance with MIT and plans to move its North American research headquarters to Cambridge. “By moving to Cambridge and collaborating with MIT, its staff and its partners, Philips can work with some of the best minds in the world,” explains Henk van Houten, executive vice president and general manager of Philips Research. 

Stacey Higginbotham of Fortune writes about a new $25 million partnership between Philips and MIT in which the company will move its North American R&D headquarters to Cambridge: “Given that Philips will focus on lighting and healthcare technology for its R&D, Boston makes a considerable amount of sense, especially on the health side.”