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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.
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
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 ...
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 ...
That year, Chemed Corp., the parent company of the plumbing chain Roto-Rooter, paid $406 million to buy out Vitas. (It already owned a piece of the company.) The hospice chain recorded revenues of more than $1 billion in 2013. It now operates in 18 states plus the District of Columbia and cares for 80,000 patients a year, according to the company.
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.
Philco was a pioneer in battery, radio, and television production. In 1961, the company was purchased by Ford and, from 1966, renamed "Philco-Ford". Ford sold the company to GTE in 1974, and it was purchased by Philips in 1981. In North America, the Philco brand is owned by Philips. In other markets, the Philco International brand is owned by ...
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