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Royal Philips and MEDSI have announced a strategic partnership to develop a clinical network aimed at providing efficient medical care in Russia. Alexey Chupin - president, MEDSI and Peter Vullinghs - CEO, Philips, Russia and the Commonwealth of Independent States (CIS) - have signed a Memorandum of Understanding (MoU) in Davos during a ceremony attended by Vladimir Evtushenkov, chairman, Board of Directors of Sistema Joint-Stock Financial Corporation (JSFC), and Frans van Houten, CEO, Royal Philips. Philips and MEDSI will cooperate to achieve operational excellence at MEDSI's healthcare facilities. This new partnership goes beyond the traditional supply of innovative medical equipment and advanced technologies. It includes the access to Philips' international expertise in hospital management and the company's conceptual understanding of hospital settings. The financial details of the partnership will not be disclosed. The comprehensive multi-year partnership will provide MEDSI hospitals with guaranteed affordable access to the latest Philips healthcare equipment and technology, enabling MEDSI to focus on the delivery of high quality care. This business model will allow the hospitals involved to optimize their infrastructure management, patient flows, and processes, and receive continuous training as well as regular system and software upgrades from Philips.