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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.
Smiths Group: UK London Triton Electronics Systems, Ltd. Russia Yekaterinburg United Hayek Industries, Inc. U.S. San Diego, California MEDISYS (Premier Medical Systems & Devices Pvt. Ltd.) India Noida Ventec Life Systems [7] U.S. Bothell, Washington National Radio & Telecommunication Corporation [8] Pakistan Haripur, Pakistan
"Philips’ first priority is the health and well-being of patients, both in terms of providing replacement devices and testing to seek more clarity on the safety of the sleep and respiratory care ...
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 ...
Philips stock fell more than 16% Monday after the Dutch medical device giant lowered its sales outlook on continued lower demand in China.The company reported revenue of $4.6 billion in the third ...
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.
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