Respironics

Respironics is a medical supply company that specializes in products that improve respiratory functions. It is based in the Pittsburgh suburb of Murrysville in Pennsylvania, United States.

Respironics
Subsidiary
IndustryMedical
Founded1976
HeadquartersMurrysville, Pennsylvania
Key people
Don Spence, President and CEO
Productsrespiratory equipment
sleep aids
Revenue $1.05 billion USD
Number of employees
4,900[1]
ParentPhilips
Websitewww.respironics.com

History

In 1976, company founder Gerald McGinnis opened the company's first manufacturing facility for anesthesia masks near Pittsburgh, Pennsylvania. Previous product research and manufacturing had occurred in the founder's kitchen. Other early products included endotracheal and tracheostomy products.

The company introduced the first continuous positive airway pressure (CPAP) machine for the treatment of sleep apnea in 1985. Three years later, in 1988, the company went public under the stock ticker symbol RESP. In 1992, Respironics received a patent for bi-level technology. This technology was originally intended as an improvement on CPAP, however, its use has expanded into the treatment of other breathing disorders such as chronic obstructive pulmonary disease (COPD).

Other significant milestones were the acquisition of the ventilator company LIFECARE International in 1996, sleep apnea competitor Healthdyne Technologies in 1998, and medical monitor and sensor leader Novametrix in 2002.

On December 21, 2007, Respironics announced it entered into a merger agreement with Philips.[2] Philips will acquire 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.[3][4]

Today

The firm's products includes devices for the diagnosis and treatment of sleep apnea including CPAP and bi-level (BiPAP) non-invasive ventilation machines, oxygen concentrators for patients requiring supplemental oxygen, infant apnea monitors for infants at risk of SIDS, asthma treatment solutions and hospital ventilators.

gollark: This has not, however, happened.
gollark: There was a project proposal (by me, for me) to make it a nonstatic site and rework the caching.
gollark: Anyway, osmarks.tk is just a redirect.
gollark: I should probably fix the overly aggressive caching eventually.
gollark: We simply need to define GEORGE as it.

References
  1. "Company Profile for Respironics, Inc (RESP)". Zenobank.com. Retrieved 2008-10-02.
  2. "Philips Respironics". Respironics.com. Retrieved 2016-08-19.
  3. "News center | Philips". Newscenter.philips.com. Retrieved 2016-08-19.
  4. "Philips in $5 billion Respironics deal". Reuters. 2007-12-21. Retrieved 2020-04-02.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.