According to McKinsey & Company Senior Partner Rajesh Parekh, “ecosystem” is a word used plenty in the tech world. Now it’s coming into the medtech space. So, what is an ecosystem? How can medtech companies take advantage of one to provide better care and improved patient outcomes? How can they do so with speed in […]
ResMed
ResMed expects steady growth over the next year
ResMed (NYSE: RMD, ASX: RMD) reported fourth-quarter results that beat the consensus forecast on Wall Street amid continued adoption of its next-gen AirSense 11 CPAP. CEO Mick Farrell said in a news release yesterday evening that ResMed launched the fully cloud-connectable AirSense 11 into several new European countries. The AirSense 11 is also selling well […]
ResMed acquires Mementor and its digital health app for insomnia
ResMed (NYSE: RMD, ASX: RMD) announced today that it has acquired Mementor (Leipzig) and its digital insomnia therapy in a bid to strengthen its overall sleep portfolio in Germany. The deal closed yesterday. ResMed did not disclose financial terms. The maker of CPAPs and other respiratory therapy devices was one of the first medical device […]
ResMed names Lucile Blaise as new Sleep & Respiratory Care leader
Lucile Blaise will be the new president of ResMed’s Sleep & Respiratory Care business starting July 1, ResMed (NYSE: RMD) said today. She replaces Jim Hollingshead, who became president and CEO of Insulet (Nasdaq:PODD) on June 1. ResMed President and COO Rob Douglas is serving as interim president of the Sleep & Respiratory Care during […]
ResMed to acquire out-of-hospital software developer Medifox Dan for $1B
ResMed (NYSE:RMD) announced today that it agreed to acquire German software company Medifox Dan in a deal worth $1 billion. Hildesheim, Germany-based Medifox Dan develops clinical, financial and operational software solutions for out-of-hospital care providers. Its offerings include care documentation, personnel planning, administration, billing and more. According to a news release, Medifox Dan’s solutions are […]
ResMed finds a solution to semiconductor shortage, as well as some humor in it
ResMed (NYSE:RMD) can’t go back in time to solve its semiconductor shortage, but it’s found a solution that might be the next best thing — for now. President and COO Rob Douglas (serving as interim president of Sleep and Respiratory Care at ResMed after Jim Hollingshead left to be CEO of Insulet) offered an update on […]
Medtech CEOs sound off on semiconductor shortage, pushing Biden administration for prioritization
AdvaMed continues to push the Biden administration to prioritize medical device manufacturers for semiconductor supplies. With medtech companies still struggling to source chips amid a global shortage, the industry association held a meeting this week with some of its members and Secretary of Commerce Gina Raimondo to make their case. “Semiconductor chips are crucial to […]
ResMed scales back the earnings it expects from Philips recall
ResMed (NYSE:RMD) shares dipped today on third-quarter results that came up shy of the consensus forecast. RMD shares were down 3.5% at $206.05 per share in mid-afternoon trading. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down 0.7%. The stock hit can also be attributed to […]
These 10 medtech companies’ stocks performed best in 2021
Following a year like no other in 2020, 2021 was when many looked to rebound — including the medtech industry. A number of medtech companies followed up a challenging, pandemic-enveloped year with impressive performances. Plenty of them had already proven in 2020 that they were capable of a quick bounce-back. Here are 10 medtech companies […]
ResMed’s revenue growth off Philips will peak in present fiscal year, analysts say
Analysts say ResMed (NYSE:RMD) could see its seizure of the market share in respiratory devices slow with Philips (NYSE:PHG) set to re-enter the market. Philips was knocked out of the respiratory sleep devices market last year when it announced a serious recall involving millions of bi-level positive airway pressure (BPAP), continuous positive airway pressure (CPAP) […]
Baxter, 3M, Abbott near the top of Newsweek’s most responsible companies list
Several medtech, healthcare and life sciences companies, including big names like Abbott (NYSE:ABT), 3M (NYSE:MMM) and Baxter (NYSE:BAX), are among the 500 “most responsible,” according to Newsweek. The outlet published its “America’s Most Responsible Companies 2022” list, marking the third installment of the compilation (in partnership with Statista), this time expanded to include 500 of […]