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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.
The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
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 ...
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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 ...
Lazarus developed or was an early adopter of many shopping innovations such as "one low price" (no bargaining necessary, earlier implemented by the John Wanamaker Store [3]), first department store escalators in the country, first air-conditioned store in the country, and Fred Lazarus Jr. successfully lobbied President Franklin Roosevelt to ...
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