ResMed shuffles the deck at Brightree; taps Mellott as new CEO ResMed (NYSE:RMD) yesterday announced a mix-up at its Brightree business, tapping home medical equipment industry vet Matt Mellott as its new CEO and Bobby Ghoshal as its new COO. Former Brightree CEO and prez Dave Cormack will transition into a multi-year advisory role, the company […]
ResMed Inc.
ITC opens probe of China’s BMC Medical in patent war with ResMed
The U.S. International Trade Commission yesterday opened a probe into BMC Medical‘s importation of sleep apnea devices, as the long-running patent infringement war between the Chinese company and ResMed (NYSE:RMD) grinds on. ResMed asked the ITC to investigate BMC and its U.S. distributor, 3B Medical, alleging that the Lunaflow and RESmart flow generators for its continuous positive airway pressure devices infringe a quartet of […]
Update: BMC continues spat with ResMed over CPAP patents
Updated with comments from ResMed & 3B Medical. BMC Medical today claimed the approval of a motion for a voluntary dismissal of an appeal from ResMed (NYSE:RMD) in a long running patent spat as a win for the company. The dispute is part of a long-standing conflict between the 2 companies over patents related to continuous positive […]
ResMed closes $800m Brightree buy
ResMed (NYSE:RMD) said it closed the $800 million acquisition of cloud-based healthcare software company Brightree yesterday. Atlanta, Ga.-based Brightree develops cloud-based software for home or durable medical equipment for home health and hospice care. Its majority owner was private equity shop Battery, which bought its stake in 2008. “This acquisition furthers ResMed’s position as the leading tech-driven medical device company and […]
ResMed to pay $800m for cloud-based software firm Brightree
Updated with quotes from Brightree majority owner Battery. ResMed (NYSE:RMD) said today it will pay $800 million to acquire cloud-based healthcare software company Brightree. Atlanta, Ga.-based Brightree develops cloud-based software for home or durable medical equipment for home health and hospice care, with aims of improving clinical and business performance in the post-acute care industry. Global investment firm […]
ResMed closes Inova buy
ResMed (NYSE:RMD) said today it closed its acquisition of oxygen therapy medical device company Inova Labs. Financial and other terms and conditions of the acquisition were not announced. ResMed said the acquisition of the oxygen therapy-focused company would aid in its focus on treating chronic obstructive pulmonary disease. “We are excited to complete this acquisition, which expands […]
ResMed jumps on Q2 earnings beat
ResMed (NYSE:RMD) saw shares jump after releasing Q2 earnings that topped the street in revenue and earnings. The San Diego, Calif.-based reported profits of $90.5 million, or 65¢ per share, on sales of $454 million for the 3 months ended December 31. That amounts to a 0.7% bottom-line slide on sales growth of 7.5% compared with […]
ResMed picks up Inova Labs
ResMed (NYSE:RMD) said today it acquired oxygen therapy medical device company Inova Labs for an undisclosed amount. The acquisition of Austin, Texas-based Inova Labs adds the LifeChoice Activox portable oxygen concentrator and Activox Duo2 fully-integrated oxygen concentrator system to ResMed’s portfolio of products, the company said. “ResMed is the global leader in connected healthcare solutions for […]
ResMed closes Curative Medical buy
ResMed (NYSE:RMD) said yesterday it closed its purchase of non-invasive sleep-disorder breathing and ventilation device maker Curative Medical for an undisclosed amount. San Diego, Calif.-based ResMed said Curative Medical will remain independent under its CEO Jason Sun with its own R&D, manufacturing, marketing and sales focused on the Chinese market in different customer segments than ResMed. […]
ResMed buys China’s Curative Medical, gains on Q4 beat
ResMed (NYSE:RMD) yesterday said it paid an unspecified amount to acquire Chinese respiratory device maker Curative Medical and reported fiscal 4th-quarter results that beat Wall Street’s expectations. San Diego-based ResMed said Curative will operate under its own banner under founder & CEO Jason Sun. Curative’s vascular business was not a part of the deal, which is […]
ResMed picks up home medical re-supplier CareTouch
ResMed (NYSE:RMD) said today that it acquired home medical re-supplier CareTouch for an undisclosed amount. San Diego-based ResMed said it plans to re-brand CareTouch as ResMed ReSupply, but retain CEO Matthew Dolph and other CareTouch employees as part of its Americas commercial team. Westminster, Colo.-based CareTouch’s Internet-based 360 Portal is designed to help home medical equipment providers manage […]