M&A Deal Summary

Philips Acquires Respironics

On December 21, 2007, Philips acquired medical products company Respironics for 5.1B USD

Acquisition Highlights
  • This is Philips’ 3rd transaction in the Medical Products sector.
  • This is Philips’ largest (disclosed) transaction.
  • This is Philips’ 5th transaction in the United States.
  • This is Philips’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2007-12-21
Target Respironics
Sector Medical Products
Buyer(s) Philips
Deal Type Add-on Acquisition
Deal Value 5.1B USD

Target

Respironics

Murrysville, Pennsylvania, United States
website
Respironics is a provider in the treatment of Obstructive Sleep Apnea (OSA), a sleep disorder characterized by the repeated cessation of breathing during sleep. It is estimated that in the United States alone there are 18 – 20 million sufferers of moderate or severe OSA of which only 15 – 20% have been diagnosed. Research in recent years has shown a link between OSA, heart disease, stroke and diabetes. Additionally, the company has a leading position in noninvasive ventilation and has recently introduced new home oxygen technologies to serve the needs of respiratory impaired patients in the home. The remainder of the Company’s business is focused on the hospital channel and includes noninvasive and invasive ventilation, respiratory monitoring, neonatal products and respiratory drug delivery technologies for the treatment of respiratory diseases.

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Buyer(S) 1

Buyer

Philips

Amsterdam, Netherlands

website

Category Company
Founded 1891
Sector Consumer Products
Employees78,831
Revenue 17.2B EUR (2021)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was founded in 1891 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 9 of 33
Sector (Medical Products) 3 of 13
Type (Add-on Acquisition) 7 of 28
State (Pennsylvania) 1 of 4
Country (United States) 5 of 19
Year (2007) 4 of 4
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-19 Philips - The Set-Top Box and Connectivity Solutions

Netherlands

Philips - The Set-Top Box and Connectivity Solutions is a designer and supplier of a range of digital TV products including satellite, cable, terrestrial and IPTV set-top box products.

Sell €95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Intrinsic-ID

Sunnyvale, California, United States

Intrinsic-ID is a digital authentication company that provides the Internet of Things with hardware-based root-of-trust security via unclonable identities for any IoT-connected device. Intrinsic-ID was established in 2008 and is based in Sunnyvale, California.

Sell -
Mergr

Product

Company

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