Respironik , Inc. is a medical equipment provider that specializes in products that improve respiratory function. It's headquartered in Pittsburgh, a suburb of Murrysville.
Video Respironics
History
In 1976, company founder Gerald McGinnis opened the company's first manufacturing facility for an anesthesia mask near Pittsburgh, Pennsylvania. Previous research and product manufacturing has taken place in the founding kitchen. Other starting products include endotracheal products and tracheostomy.
The company introduced the first continuous positive positive airway pressure (CPAP) engine for the treatment of sleep apnea in 1985. Three years later, in 1988, the company went public under the ticker symbol of RESP shares. In 1992, Respironics received a patent for two-tier technology. This technology was originally intended as an improvement on CPAP; however, its use has evolved into the treatment of other respiratory disorders such as chronic obstructive pulmonary disease (COPD).
Another important milestone was the acquisition of a ventilator company, LIFECARE International in 1996, a competitor of sleep apnea, Healthdyne Technologies in 1998 and a medical monitor and sensor leader, Novametrix in 2002.
Maps Respironics
Today
Company products include devices for sleep apnea diagnosis and treatment including CPAP and bi-level (BiPAP) non-invasive ventilation machines, oxygen concentrators for patients requiring additional oxygen, baby apnea monitors for infants at risk of SIDS, asthma treatment solutions and hospital ventilators.
On December 21, 2007, Respironics announced that they entered into a merger agreement with Philips. Philips will acquire all Respironics shares for $ 66 per share, for a total of approximately $ 5.1 billion.
On March 14, 2008, Philips announced the completion of the tender offer to get Respironics.
References
External links
- Official website
Source of the article : Wikipedia
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