RespirTech

RespirTech — developer of the equipment for simplification of breath at people with diseases of lungs. The company offers the inCourage device executed in the form of a vest which, using electronic impulses, provides active ventilation of lungs. The cost of the device is from 12 to 15 thousand dollars, however inCourage becomes a profitable alternative for people with chronic respiratory diseases which should be a progressive tense in hospitals.

RespirTech is founded in 2004. By May, 2017 in the company more than 200 people work.

Performance Indicators

2017

According to the Minneapolis/St edition. Paul Business Journal, in 2017 financial year revenue of RespirTech made $37 million.

2017: Philips buys RespirTech

In May, 2017 the producer medical the equipment of Philips Healthcare announced RespirTech purchase. The financial component of the agreement was decided not to be opened. Philips is going to execute all formalities concerning this acquisition for several months.

Ventilation system of easy inCourage

Thanks to this transaction we will expand the product portfolio with the checked therapeutic solutions which allow patients to control the status with chronic respiratory diseases and to receive necessary care in house conditions — the head of department of Philips Sleep & Respiratory Care John Frank says. — The RespirTech vest can be used in different conditions of breath and at various neuromuscular diseases which can lead to serious respiratory complications and the raised expenses on leaving connected with this.

According to the commercial director of RespirTech Bob Buehler, the company grows quickly therefore the company, perhaps, will need the new headquarters. Philips will help RespirTech to increase even more business volume, Buehler is sure.^[1]

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