PHILIPS ANNOUNCES COMPLETION OF RESPIRONICS ACQUISITION

Amsterdam, The Netherlands—Royal Philips Electronics (NYSE:PHG, AEX:PHI) ("Philips") and Respironics, Inc. (NASDAQ:RESP) ("Respironics") today announced that Philips has completed the acquisition of Respironics through the merger of its indirect wholly owned subsidiary with and into Respironics. As a result of the merger, Respironics has become an indirect wholly owned subsidiary of Philips. Read More in www.respironics.com


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Cheers
Ram
http://www.vadclub.com

I hope that Philips doesn't intend to make any changes that affect the ability of Respironics to stay in the top tier of CPAP equipment manufactures.

Bearded One wrote:

I hope that Philips doesn't intend to make any changes that affect the ability of Respironics to stay in the top tier of CPAP equipment manufactures.

That is always a worry with take overs of MNCs. I quit my company when Flakt took the company over and a few years later Flakt was taken over by ABB and two years later it was all wiped out by ABB as it did not make money for them. The industry suffered in the process for want of better manufacturers. There will be job cuts and cuts in expenditure as always. It is pretty difficult to run a business with passion when you become a subsidiary and have some one looking over your shoulders

Let us see only time will tell


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Cheers
Ram
http://www.vadclub.com

Bearded One wrote:

I hope that Philips doesn't intend to make any changes that affect the ability of Respironics to stay in the top tier of CPAP equipment manufactures.

The word from one of the big distributors in Europe (Respironics), is that Philips intend a big investment in Repironics. They see a very big future in sleep medicine and want to be part of it.

Only time will tell though.

Daniel.


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The untreated Sleep Apnoea sufferer died quietly in his sleep.......
Unlike his three passengers who died screaming !!!!!!

(Anon)

Daniel wrote:

Bearded One wrote:

I hope that Philips doesn't intend to make any changes that affect the ability of Respironics to stay in the top tier of CPAP equipment manufactures.

The word from one of the big distributors in Europe (Respironics), is that Philips intend a big investment in Repironics. They see a very big future in sleep medicine and want to be part of it.
Only time will tell though.
Daniel.

Thanks Daniel, That is most encouraging and promising indeed.


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Cheers
Ram
http://www.vadclub.com

philips could invest money in teaching doctors how to diagnose sleep apnea, also some more effort in product development may have prevented their masks breaking where the attachment points werent strong enough to take the strain of the headgear


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respironics comfort gell mask,resmed S6 lightweight CPAP, pressure 10 no humidifier
NO DOCTOR EVER ASKED ME IF I SNORED

Those problem were Respironics' fault, now we will find out if Philips fixes this or cuts back and makes things even worse.