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Philips reaches deal to acquire RespirTech

Philips has agreed to pay an undisclosed amount for St. Paul, Minn.-based Respiratory Technologies, which manufactures the inCourage line of inflatable, pulsating airway-clearance vests for treating patients with chronic respiratory conditions. RespirTech, with revenue closing in on $50 million this year, will maintain its executive team, as well as its operations in the Twin Cities.

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