Philips CEO Roy Jakobs discusses the firm’s €982 million ($1.1 billion) provision to help settle US claims linked to a recall of sleep apnea medical devices, much lower than analysts expected. The Dutch medical equipment maker said the settlement is expected to resolve US claims over the faulty sleep therapy devices, "even the ones that would come in still over the next six months,” Jakobs said on Bloomberg Television.
Read more: https://www.bloomberg.com/news/articles/2024-04-29/philips-settles-sleep-apnea-claims-in-the-us-for-1-1-billion?srnd=technology-vp
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