Respironics
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Robot - move category per [[WP:CFD|CFD]] [[Wikipedia:Categories for discussion/Log/2008 May 8|2008 May 8]]
{{Infobox_Company |
company_name = Respironics, Inc. |
company_logo = [[Image:respironics.jpg|190px]] |
company_type = Public ({{NASDAQ|RESP}}) |
company_slogan = |
foundation = [[1976]]|
location = [[Murrysville, Pennsylvania]]|
key_people = John L. Miclot, President and CEO|
num_employees = 4,700|
revenue = {{profit}}$1.05 billion [[United States dollar|USD]]|
industry = [[Medical]] |
products = [[respiratory]] equipment<br>[[sleep aids]]|
homepage = [http://www.respironics.com/ www.respironics.com]
}}
Repironics, Inc. ({{NASDAQ|RESP}}) is a medical supply company that specializes in products that improve respiratory functions. It is based in the [[Pittsburgh]] suburb of [[Municipality of Murrysville, Pennsylvania|Murrysville]].
==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 endotrachial 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]].
==Today==
Respironics bills itself as "the leading worldwide resource in the medical device industry". Its product mix includes devices for the diagnosis and treatment of [[sleep apnea]] including [[Continuous positive airway pressure|CPAP]] and bi-level ([[BiPAP]]) machines, [[oxygen concentrator|oxygen concentrators]] for patients requiring supplemental [[oxygen]], infant [[apnea]] monitors for infants at risk of [[Sudden infant death syndrome|SIDS]], [[asthma]] treatment solutions and hospital [[ventilators]].
On December 21st, 2007, Respironics announced it entered into a merger agreement with Royal [[Philips]] Electronics <ref>[http://www.respironics.com/News/philips.asp Royal Philips Electronics to Acquire Respironics for USD $66.00 Per Share<!-- Bot generated title -->]</ref>. Philips will acquire all shares of Respironics for $66 per share, for a total of approx $5.1 billion.
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==Economic Outlook==
Respironics derives most of its sales from the US but has operations world wide. Its profits have been steadily increasing, and its revenue recently surpassed the $1 billion mark for the first time this year. As a result, the company expects to increase its distribution system and to hire more employees.
{{Pittsburgh Corporations}}
[[Category:Companies based in Pittsburgh, Pennsylvania]]
[[Category:Companies established in 1976]]
[[Category:Medical equipment]]