Philips Healthcare to Shutter Manufacturing at Cleveland Plant

Amneal and Impax to Marry, Creating the 5th Larges

Amneal and Impax to Marry, Creating the 5th Larges

The Dutch healthcare giant said that it also plans to invest in a service training program in Cleveland.

The healthcare business at Royal Philips (NYSE:PHG) said last week that it plans to shutter manufacturing operations at a Cleveland plant that makes computed tomography scanners as part of a $600 million R&D initiative.

The Dutch healthcare giant said Feb. 9 that it also plans to invest in a service training program in Cleveland. Manufacturing at the CT plant in Highland Heights, Ohio, which accounts for 3% of Philips’ imaging sales, is slated to shut down during the second half of the year, the company said. Philips plans to spends $600 million annually on its North American R&D programs.

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