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Respironics is an American medical supply company owned by Philips that specializes in products that improve respiratory functions. It is based in the Pittsburgh suburb of Murrysville in Pennsylvania, United States. Some of its products had hazardous foam that disintegrated and entered patients' bodies.
In the early 2000s, Philips bought many medical device companies and offered to buy Respironics for $66 a share when its stock was worth $53. McGinnis and the Respironics board did not want to sell the company and declined an earlier takeover offer. [3] However, they reluctantly accepted the sale because the shareholders wanted to cash out.
Earlier this year, Dutch medical device maker Royal Philips reached a $1.1 billion deal to settle thousands of claims stemming from a recall in 2021 of millions of its breathing machines like ...
Gerard Philips (1858–1942), founder. The Philips Company was founded in 1891, by Dutch entrepreneur Gerard Philips and his father Frederik Philips. Frederik, a banker based in Zaltbommel, financed the purchase and setup of an empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892.
The company said it has struck a deal to settle U.S. class action "economic loss" claims. Philips will make an initial payment of $479 million to a fund to cover payments claimants covered by the ...
Orlando-based Rotech said in a statement that Respironics, which sells breathing devices and ventilators to treat sleep apnea, was made aware on June 5 of a privacy incident where an unauthorized ...
This is a list of Georgia companies, current and former businesses whose headquarters are, or were, in the U.S. state of Georgia. Companies based in Georgia
Versuni (formerly Philips Consumer Lifestyle) is a privately-owned Dutch company, headquartered in Amsterdam, which produces consumer electronics and small appliances. Formerly a subsidiary of Dutch electronics conglomerate Philips , it was sold to Chinese private equity firm Hillhouse Investment in 2021. [ 1 ]