Tag: Flow Generators
Growth was off for F&P Healthcare's masks
May 31, 2018HME News Staff
IRVINE, Calif. - Fisher & Paykel Healthcare reported operating revenue grew 10% to a record NZD 980.8 million, or 9% in constant currency terms, for fiscal year 2018. Split up, that's 13% constant currency growth in the company's hospital product group and 4% growth in its homecare product group. F&P reported that its operating profit grew 12% to NZD 269.8 million and its net profit after tax few 12% to NZD 190.2 million in FY 2018 vs. 2017. In the homecare product group, OSA mask constant currency...
ResMed, 3B Medical end 'very long battle'
January 23, 2017HME News Staff
SAN DIEGO and WINTER HAVEN, Fla. - ResMed and 3B Medical have agreed to settle years of litigation, the two companies announced Jan. 21.Per the five-year settlement, 3B Medical and its parent company, Beijing-based BMC, will be permitted to sell their existing products in exchange for making royalty payments to ResMed.For its part, ResMed will make a one-time payment to 3B Medical to close ongoing litigation between the two companies in Florida.“This agreement brings a very long battle with...