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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 ...
Medical device maker Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S. over its defective sleep apnea machines, which have been subject to a ...
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 ...
On December 21, 2007, Respironics announced it entered into a merger agreement with Philips, [6] with Philips acquiring all shares of Respironics for $66 per share, for a total of approx $5.1 billion. On March 14, 2008, Philips announced completion of tender offer to acquire Respironics. [7] [8]
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 ...
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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 ...
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations. [ 3 ] [ 4 ] [ 5 ] A white-labeled , end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.