Phillips to buy Respironics for 5.17 billion

[Wulfman]

This is going to be a growing tread in this country in that the dollar isn't worth anything, so many countries have an over supply of worth / less dollars and they need to do something with them.

The changes that have happened in this country in my short 51 years on this planet are amazing. When I was a kid we had tariffs and we had companies that made things, and therefore, we had JOBS!

Not any more...


JeffH

The other part of this equation is that lots of those countries bought our bonds and bills and are shoring up our 9 trillion dollar debt. (Think "lead" poisoning) Part of "the plan" is to make our money worth-less so we can pay back the debt with cheaper money. However, the way the debt is piling up, I'm wondering if they gave up on that plan, too.
It's all "funny money", anyway.

Den

[deerslayer]

yep, jumped more than $12 today alone

[JeffH]

This is going to be a growing tread in this country in that the dollar isn't worth anything, so many countries have an over supply of worth / less dollars and they need to do something with them.

The changes that have happened in this country in my short 51 years on this planet are amazing. When I was a kid we had tariffs and we had companies that made things, and therefore, we had JOBS!

Not any more...


JeffH

The other part of this equation is that lots of those countries bought our bonds and bills and are shoring up our 9 trillion dollar debt. (Think "lead" poisoning) Part of "the plan" is to make our money worth-less so we can pay back the debt with cheaper money. However, the way the debt is piling up, I'm wondering if they gave up on that plan, too.
It's all "funny money", anyway.

Den

Read something a couple of days ago I'm still trying to get my head around....

This was the GAO report on the debt of this country. 9/30/00 this country had 20 trillion dollars in obligations. 9/30/07 it was 52 trillion dollars.

It took 225 years to get to 20 trillion and Bush raised it by 32 trillion dollars in only 7 YEARS!

Every man, woman, and child in this country is in debt $175,000.

And this is the GAO report from this administration.....pitiful!

I'll say it again....if you voted for Bush and your grandkids find out you are going to be hated some day.

[Slinky]

This is going to be a growing tread in this country in that the dollar isn't worth anything, so many countries have an over supply of worth / less dollars and they need to do something with them.

The changes that have happened in this country in my short 51 years on this planet are amazing. When I was a kid we had tariffs and we had companies that made things, and therefore, we had JOBS!

Not any more...


JeffH

Yeah, Jeff, we also had anti-trust legislation, no monopolies, pharmaceutical advertising was limited, doctor and lawyer advertising was taboo ..... the rest of the world watched us sucker the USSR into spending itself into oblivion and now they are smart enough to sucker the idiots in our government to spend US into oblivion. It took Clinton and the American citizens 8 years to build up a surplus and the current, petty, spiteful, vicious, idiot how many months to blow it and bury us in unprecedented deficits???

[billbolton]

Philips manufactures GOOD stuff.

Used to.... don't now!

Cheers,

Bill

[papdaddy]

This is going to be a growing tread in this country in that the dollar isn't worth anything, so many countries have an over supply of worth / less dollars and they need to do something with them.

The changes that have happened in this country in my short 51 years on this planet are amazing. When I was a kid we had tariffs and we had companies that made things, and therefore, we had JOBS!

Not any more...


JeffH

The other part of this equation is that lots of those countries bought our bonds and bills and are shoring up our 9 trillion dollar debt. (Think "lead" poisoning) Part of "the plan" is to make our money worth-less so we can pay back the debt with cheaper money. However, the way the debt is piling up, I'm wondering if they gave up on that plan, too.
It's all "funny money", anyway.

Den

Read something a couple of days ago I'm still trying to get my head around....

This was the GAO report on the debt of this country. 9/30/00 this country had 20 trillion dollars in obligations. 9/30/07 it was 52 trillion dollars.

It took 225 years to get to 20 trillion and Bush raised it by 32 trillion dollars in only 7 YEARS!

Every man, woman, and child in this country is in debt $175,000.

And this is the GAO report from this administration.....pitiful!

I'll say it again....if you voted for Bush and your grandkids find out you are going to be hated some day.

Thats what happens when you send million dollar bombs to blow up a 20 dollar tent.

[Wulfman]

http://www.hmenews.com/index.php?p=arti ... 0712cbkaJh

Philips acquires Respironics; Drive expands in Europe
12.21.2007

MURRYSVILLE, Pa. - - One of the HME industry's largest manufacturers changed hands last week, when Philips Electronics acquired Respironics for a whopping $5.1 billion.

"A core part of Philips' healthcare strategy is to achieve a leading position in the high growth sector of home healthcare," said Steve Rusckowski, CEO of Philips Healthcare and a member of the board of management of Philips Electronics. "This acquisition, with its significant strategic and financial benefits to Philips Healthcare, is another important step in carrying out this strategy."

A major player in the market for sleep disordered breathing products, Respironics generates about $1.2 billion annually and has shown a compounded annual growth rate of around 19%. Rusckowski said he expected Respironics to continue to show double-digit growth rates, adding that he also expected the company's core profit margin of around 15% to improve.

As far as acquisitions of HME manufacturers go, this ranks as perhaps the biggest ever and has set off tremors in some parts of the industry, with the big question being: Who's next? The thinking being that this could be the first of several large acquisitions of industry manufacturers over the coming year. Other potential players who might want to diversify their portfolios and enter the market include General Electric and Johnson & Johnson, say industry sources.

"Wall Street and venture capitalists tend to play follow the leader," said one source.

Philips--the world's biggest lighting maker, a top three hospital equipment maker and Europe's biggest consumer electronics producer--said it agreed to pay $66 per share in cash for Respironics, a 24% premium.

Respironics' board has agreed to the Philips offer. Shareholders must sign off on the deal, as well, the company said in a news release.

Upon closing, Respironics will become the headquarters for Philips Home Healthcare Solutions Group within Philips Healthcare. Respironics' senior management team is expected to remain with the organization and will continue to run the business. Philips has made a number of acquisitions in the area of home healthcare, including Lifeline Systems, Health Watch and Raytel Cardiac Services. Philips Home Healthcare Solutions supports almost one million at-risk seniors, either in their own homes or in senior living facilities throughout the United States and Canada.

During a November press conference, Respironics John Miclot stated that Respironics generates about $1.2 billion in annual revenue, has roughly $300 million in cash on hand and virtually no debt; it has met or exceeded Wall Street's estimates for seven straight years; and the company will spend $70 million this year on research and development.

"The combination of Respironics and Philips will allow us to continue to provide exceptional products and services to our customers and allow Respironics to expand its leadership in the global sleep and respiratory markets," Miclot said in a press release. "Philips is the right partner to create additional growth opportunities for our company, and we believe that our organization will benefit significantly by being part of a larger, growing and dynamic organization."

[Wulfman]

This is going to be a growing tread in this country in that the dollar isn't worth anything, so many countries have an over supply of worth / less dollars and they need to do something with them.

The changes that have happened in this country in my short 51 years on this planet are amazing. When I was a kid we had tariffs and we had companies that made things, and therefore, we had JOBS!

Not any more...


JeffH

Yeah, Jeff, we also had anti-trust legislation, no monopolies, pharmaceutical advertising was limited, doctor and lawyer advertising was taboo ..... the rest of the world watched us sucker the USSR into spending itself into oblivion and now they are smart enough to sucker the idiots in our government to spend US into oblivion. It took Clinton and the American citizens 8 years to build up a surplus and the current, petty, spiteful, vicious, idiot how many months to blow it and bury us in unprecedented deficits???

Slinky,

I generally agree with what you said.....but the "surplus" from the Clinton years was more smoke and mirrors and accounting gimmicks. They were playing with long-term/short-term interest payment stuff that wouldn't come due until AFTER their administration was out of office so it would LOOK like they did a good job spending the higher collected taxs we were paying.

Any time you see both sides of the aisle agreeing on legislation.....grab your checkbook and kiss some of it good-bye because it means that they're going on a spending spree.....to make it LOOK like they're working for the voters' benefits......

Den

[j.a.taylor]

The only electric shaver I've ever owned was a Remington.....about 40 years ago.
I liked it so well, I SOLD the company.

Have been a confirmed shaving mug/soap/brush/razor user ever since. (and have a collection of shaving mugs)

Den

Den,

Some of our younger members are going "What?" They probably don't remember that Remington commercial--that brings memories back (right up there with Men's Wearhouse - "I guarantee it!").

And like you, I've been a confirmed brush/mug user for most of my life (learned it from my dad, who learned it from his). A few years ago, my wife tried to get me to change, and bought me a Norelco electric shaver as a gift--I agree with Snoredog, it was CRAP, and I quickly went back to the mug.

Besides, it's fun collecting 'em.

[Slinky]

Some truth there. But all the creative accounting in the world couldn't bail out Bush Baby's deficits.

Every time the government passes legislation that does me a favor, I get the shaft. I've always done best and felt most comfortable w/one party in the Presidency and the other party controlling Congress. At those times they are so at loggerheads w/each other they accomplish nothing and I prosper. Now THAT's balance!

[j.a.taylor]

I can't wait for my new Remstar with the usb port on the front, or maybe Bluetooth. Jim

Add bluetooth, usb port, and internet access, and Respironics might convince me to give up my ResMed

[Wulfman]

The only electric shaver I've ever owned was a Remington.....about 40 years ago.
I liked it so well, I SOLD the company.

Have been a confirmed shaving mug/soap/brush/razor user ever since. (and have a collection of shaving mugs)

Den

Den,

Some of our younger members are going "What?" They probably don't remember that Remington commercial--that brings memories back (right up there with Men's Wearhouse - "I guarantee it!").

And like you, I've been a confirmed brush/mug user for most of my life (learned it from my dad, who learned it from his). A few years ago, my wife tried to get me to change, and bought me a Norelco electric shaver as a gift--I agree with Snoredog, it was CRAP, and I quickly went back to the mug.

Besides, it's fun collecting 'em.

You caught my reference (play on words) to Victor Kiam's commercial and famous phrase, eh?

http://en.wikipedia.org/wiki/Victor_Kiam

Interesting guy.

Den

[roster]

[quote="DreamStalker"]Mr Rooster will be thrilled to hear the news ... woot woot!

[j.a.taylor]

Mr Rooster will be thrilled to hear the news ... woot woot!

I was blasted by a couple of harsh realities of life today and I am so spaced out tonight (Is that a sixties' expression?) that I don't know what my opinion is. . . .

Just some stream of consciousness rambling: I like that razor and mug idea and used to use a razor and mug myself. It sounds and looks so manly.


. . . Back to my mindset, I am happy that the stockholders of Respironics are free to sell their company to whomever they want to at whatever price they can negotiate. I am also happy about foreign investment in the U.S. and foreign investment in general. Tie countries' economies together and they are more likely to treat each other civilly and stay out of war with each other. Peace bro'; back to the sixties.

[roster]

Good to have you back J.A.

Now if DreamStalker will chime in and WillMack will drop a nuke on the thread, my day won't be a total loss.