Respironics

Respironics is an innovator of products that improve respiratory functions. The products made by the company are for both commercial and home use. On December 21, 2007, Respironics released a statement that Royal Philips Electronics was going to acquire the company for a reported $66 per share.¹

Fast Facts:

1. The merger of Philips and Respironics closed on March 10, 2008
2. Founded in 1976
3. HQ: Murrysville, Pennsylvania
4. Industry: Medical
5. Three business segments: Sleep and Home Respiratory Group, Hospital Group and International Group
6. Annual Revenue: $1.195 billion as of 2007²
7. Competitors: Covidien, Invacare and ResMed
8. Operates in 141 countries and employs over 5,300 associates worldwide¹
9. The company's products treat sleep apnea, asthma and sleep disorders
10. CEO: John L. Miclot
11. Former stock symbol: RESP, NASDAQ
12. Philips acquisition was the company's largest in its history³

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