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.Official Website: Royal Philips Electronics to Acquire Respironics for $66 per share
Fast Facts:
- The merger of Philips and Respironics closed on March 10, 2008
- Founded in 1976
- HQ: Murrysville, Pennsylvania
- Industry: Medical
- Three business segments: Sleep and Home Respiratory Group, Hospital Group and International Group
- Annual Revenue: $1.195 billion as of 2007Hoover's: Respironics Profile
- Competitors: Covidien, Invacare and ResMed
- Operates in 141 countries and employs over 5,300 associates worldwideOfficial Website: Royal Philips Electronics to Acquire Respironics for $66 per share
- The company's products treat sleep apnea, asthma and sleep disorders
- CEO: John L. Miclot
- Former stock symbol: RESP, NASDAQ
- Philips acquisition was the company's largest in its historyForbes: Philips Inhales Respironics (December 21, 2007)
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A:
As am employee of Zeo, I'll refrain from answering the "which is better" question since I'm a little biased. But here is info from a thread ...
