Philips to open 800-job health technology center in Tenn.

Royal Philips (NYSE:PHG) is looking to establish a new health technology center near Nashville, Tenn., adding 800 jobs to the region, according to a Tennessee Dept. of Economic and Community Dev release.

Amsterdam-based Philips will look to co-locate key business functions including commercial, customer service, finance, HR, IT, marketing, procurement, quality and regulatory and other services at a new center in the greater Nashville area, according to the release.

“In today’s economy, global businesses can choose to grow or expand anywhere in the world. More international companies like Philips are deciding to invest and create jobs in Tennessee because of the policies we’ve put into place with the help of the General Assembly. Philips’ investment in Middle Tennessee continues our state’s strong growth trajectory and moves us closer to making Tennessee the No. 1 location in the Southeast for high quality jobs,” Tennessee Gov. Bill Haslam said in a press release.

“The Philips brand is synonymous with more than a century of innovation, and today Philips is a global leader in health care with a range of technologies and solutions that are having a meaningful impact on health care. The trip Gov. Haslam and TNECD took to Amsterdam to meet with Philips executives in June confirms that we will travel the globe to recruit exceptional international companies such as Philips. I’m pleased to welcome Philips to the Middle Tennessee region and look forward to the impact approximately 800 well-paying jobs will have on our state,” Tennessee Dept. of Economic and Community Dev. Commissioner Bob Rolfe said in a prepared statement.

By consolidating its functions into a single US-based location, Philips said it will be better equipped to handle assimilating current and future acquisitions, standardize its business processes and system and build a more functional, scalable organization.

“As a company, Philips continues to innovate and grow – and we need to keep pace so that we can continue to support our partners and customers in meeting the health care needs of their communities. The consolidation of our business services will help us to deliver on our continuous improvement goals, with a particular focus on our customer experience, while leveraging the benefits of the growing health technology ecosystem in Tennessee to accelerate patient care,” Philips NA global biz services leader Craig Gruchacz said in prepared remarks.

Earlier this month, Philips said it closed its $2.2 billion deal to acquire US vascular intervention device maker Spectranetics (NSDQ:SPNC).

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