CAMBRIDGE, Mass.--(BUSINESS WIRE)--Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the company once again has earned a place on the Forbes “Global 2000: The World’s Largest Public Companies” list, moving up 46 spots from 2019. In its new 2020 position, the company now also ranks as one of the top ten global public healthcare companies. The annual list, which has been released for the past 18 years, features a ranking of the biggest, most powerful and most valuable companies in the world. Philips ranked 385 out of the 2,000 publicly traded companies on the full list.

The Forbes Global 2000 list is a highly regarded authority on corporate rankings globally. Companies that are featured are chosen based on four metrics: sales, profit, assets and market value. This is the first year Philips holds one of the top ten spots in the healthcare category as it helps its customers address the quadruple aim of providing better health outcomes, improving patient and staff experiences and lowering the cost of care.

“Our mission to improve people’s lives by transforming how care is delivered and improving health care for the communities our partners serve has never been more important,” said Vitor Rocha, Chief Market Leader for Philips North America. “This ranking is validation that our constant drive for innovation and ability to break down data and give clinicians access to the right information at the right time is making a difference.”

In addition to its placement on the Global 2000 list, Philips also earned a spot on Forbes’ list of America’s Best Employers for Diversity earlier this year. For more information and to view the full Global 2000 list, please visit https://www.forbes.com/global2000.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2019 sales of EUR 19.5 billion and employs approximately 81,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.