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...According to tender documents seen by the FT, Philips Medical Systems Inc, Philips Ultrasound Inc USA and Philips Respironics USA sold medical equipment between September 2012 and August 2013 to RT-Medintegrator...
...Since 2000, Philips has spent about $12bn buying medical companies, including the $4.9bn purchase of Respironics in 2008, to lift its market share against competitors General Electric and Siemens....
...Medical device companies such as Respironics, which was acquired last year by Philips, and Medrad have become large international enterprises....
...“Respironics was at least the completion of the first stage of building home healthcare.”...
...Philips will also be able to put Respironics products through its international distribution platform....
...Respironics shares were 23 per cent higher at $65.33 by mid-afternoon in New York....
...The company has been using proceeds from the stake sales to fund big acquisitions in its medical and lighting units, such as the €3.6bn purchase announced in December of Respironics, the US medical equipment...
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