A $1 billion CPAP recall devastated Philips. The CEO’s turnaround plan involves overhauling company culture and adding a key role to the C-suite
Earlier this year, Dutch medical device maker Royal Philips reached a $1.1 billion deal to settle thousands of claims ...
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Philips agrees to pay $1.1 billion settlement after wide-ranging CPAP machine recall
Philips announced a recall for millions of their Bi-Level Positive Airway Pressure (Bi-Level PAP), Continuous Positive Airway Pressure (CPAP), and mechanical ventilator devices in 2021.
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Philips CPAP Settlement: What to Know
The 2021 recall was mostly around DreamStation CPAP machines due to problems with ... The company says: "Philips and Philips Respironics do not admit any fault or liability, or that any injuries ...