MALLINCKRODT GAINING RESPIRATORY EQUIPMENT FOR HOME, HOSPITAL USE VIA $1.9 BIL. NPB BUY; NPB WOULD TRIPLE SIZE OF MALLINCKRODT'S CRITICAL CARE UNIT

Mallinckrodt is aiming to breathe new life into its health care business through the $1.9 bil. acquisition of Nellcor Puritan Bennett, a leading producer of equipment to diagnose, monitor and treat respiratory problems. In addition to expanding Mallinckrodt's critical care offerings to hospitals, the definitive agreement would provide access to the robust home health market through NPB's oxygen therapy and global sleep solutions businesses.