Philips Healthcare offers its services to upgrade the life of human being through proper innovation. Frederick Philips and his son Gerard Philips founded Philips & Co. in 1891. However, the first research laboratory of Philips was established in 1914. It is a renowned healthcare and lifestyle company offering solutions to the people by using latest technologies. Deborah DiSanzo is the Chief Executive Officer of Philips Healthcare. More than 37,000 professionals are employed in various branches across the world. They won Red Dot Award in 2013. As being stated in the report around 41% of overall sales of the company is accounted by Philips Healthcare.