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Honeywell (HON) Signs MOU With Top Healthcare Companies

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Honeywell International (HON - Free Report) has signed a Memorandum of Understanding (MOU) with two leading healthcare companies as part of its commitment to step up the digitization process in healthcare industry. The agreements are aimed at enhancing patient experience and improving operational performance through digitalization.

Honeywell has signed an MOU with the University Hospital Brno, one of the largest hospitals in the Czech Republic, and Narayana Hrudayalaya Limited (Narayana Health), a leading healthcare provider in India, to aid in their digitalization. The strategic partnerships highlight HON’s commitment to develop advanced technologies to support the transformation of healthcare delivery.

Honeywell’s initial pilot with University Hospital Brno includes testing skin patches to monitor patients’ vital functions in real time and make the data available through a mobile app. In order to enhance the hospital information system, HON intends to furnish the Department of Internal Cardiology with its smart voice and touchscreen nurse call system.

As part of its collaboration with Narayana Health, Honeywell will work on introducing products, establishing technology development centers, creating joint capabilities in technology development and research, and developing fire safety codecs to enhance the safety of hospitals. HON will also enhance the hospital’s digital process and train its employees.

Zacks Rank & Key Picks

Honeywell carries a Zacks Rank #3 (Hold).

Some better-ranked stocks within the Conglomerates sector are as follows:

Carlisle Companies (CSL - Free Report) sports a Zacks Rank #1 (Strong Buy). CSL pulled off a trailing four-quarter earnings surprise of 28%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.

Carlisle Companies has an estimated earnings growth rate of 114.4% for the current year. Shares of CSL have rallied more than 20% in the year-to-date period.

Griffon Corporation (GFF - Free Report) carries a Zacks Rank #1. GFF delivered a trailing four-quarter earnings surprise of 104.6%, on average.

Griffon has an estimated earnings growth rate of 124.1% for the current year. Shares of GFF have gained more than 6% so far this year.


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