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  2. A $1 billion CPAP recall devastated Philips. The CEO’s ...

    www.aol.com/finance/1-billion-cpap-recall...

    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 ...

  3. 561 deaths linked to recalled Philips sleep apnea machines ...

    www.aol.com/561-deaths-linked-recalled-philips...

    A 2021 recall of Philips breathing devices is related to 561 deaths, the U.S. Food and Drug Administration said Wednesday. 561 deaths linked to recalled Philips sleep apnea machines, FDA says Skip ...

  4. Philips shares surge on US recall settlement news - AOL

    www.aol.com/news/philips-pays-1-1-billion...

    AMSTERDAM (Reuters) -Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the ...

  5. CPAP maker Philips agrees to pay at least $479 million to ...

    www.aol.com/cpap-maker-philips-agrees-pay...

    CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced ...

  6. Respironics - Wikipedia

    en.wikipedia.org/wiki/Respironics

    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.

  7. Gerald McGinnis - Wikipedia

    en.wikipedia.org/wiki/Gerald_McGinnis

    After Respironics was sold to Philips in 2008, McGinnis stepped down from his leadership role. [1] When Respironics recalled its machines in 2021 due to a defect which caused noise-reducing foam to degrade and release toxic chemicals, McGinnis attributed the recall to a culture shift in the company following the Philips' takeover, calling it a ...

  8. EXPLAINER-What is the impact of Philips' recall of sleep ...

    www.aol.com/news/explainer-impact-philips-recall...

    A massive recall of Philips breathing devices in 2021 due to a risk of potential injury has left physicians scrambling to find alternatives for the growing number of people who use them. Philips ...

  9. Frans van Houten - Wikipedia

    en.wikipedia.org/wiki/Frans_van_Houten

    On 16 August 2022, Philips announced that they had parted ways with van Houten due to a mass product recall of Philips Respironics CPAP devices that halved the company's stocks and would further reduce it below the value it had prior to his appointment as CEO.

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