Philips and Aster Procare Hospital Sign Strategic Technology Partnership Agreement to Advance Care in Saudi Arabia's Eastern Province

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home.

Headquartered in the Netherlands, the company is a leader in image-guided therapy, diagnostic imaging, ultrasound, monitoring, enterprise informatics and personal health. Philips generated 2025 sales of approximately EUR 18 billion and employs approximately 63,700 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Founded in 1987 by Dr. Azad Moopen, Aster DM Healthcare is a leading integrated healthcare provider, with a strong presence across 5 countries in the GCC and Jordan. Aster is committed to the vision of providing accessible and high-quality healthcare, from primary to quaternary services, with its promise of “We will treat you well”. The organisation’s robust integrated healthcare model includes 15 hospitals, 124 clinics, and 333 pharmacies in GCC serving all segments of the society through three differentiated brands: Aster, Medcare and Access. Aster consistently adapts to meet the evolving needs of patients, ensuring access to quality healthcare through both physical and digital channels which is exemplified with the launch of the region's first healthcare super app, myAster.

Aster ProCare Hospital is a multi-speciality hospital in Saudi Arabia’s Eastern Province and is part of Aster DM Healthcare’s integrated healthcare network in the GCC following its acquisition of ProCare Hospital. The hospital is focused on delivering high-quality, patient-centric care across a broad range of specialties and is currently undergoing expansion to enhance clinical capabilities, introduce advanced medical technologies, and strengthen specialised care services in alignment with Saudi Vision 2030.