ResMed completes Curative Medical acquisition
Sleep disorder device supplier ResMed (ASX:RMD) has completed its acquisition of Curative Medical, a provider of non-invasive ventilation and sleep-disordered breathing medical devices and accessories to the Chinese market.
Under a definitive agreement which the two companies signed on 31 July, both ResMed China and Curative Medical will remain operationally independent. Curative will continue to invest in R&D, manufacturing, marketing and sales teams in China; keep its name, brands and offerings tailored for the Chinese market and other global markets; and be strategically positioned to target different customer segments than ResMed. Curative employees, including founder and CEO Jason Sun, will continue as employees of the combined ResMed and Curative team.
“By joining forces with Curative Medical, we expand our combined reach in the growing respiratory medical device market in China,” ResMed CEO Mick Farrell said. “Together, we will focus on improving patient quality of life while reducing the cost of care for sleep-disordered breathing and chronic obstructive pulmonary disease.”
ResMed (ASX:RMD) shares were trading 1.22% higher at $7.45 as of the close of trading on Thursday, the day of the acquisition. They had dipped slightly to $7.40 as of around 11.30 am on Monday.
Protein-based therapy helps the body remove harmful cells
Scientists have created a protein-based therapeutic tool that could change the way we treat...
Diabetes changes the structure of our hearts, study finds
Type 2 diabetes directly alters the heart's structure and energy systems, which explains why...
Beta blockers could halt triple negative breast cancer
Researchers have identified a molecular biomarker in triple negative breast cancer tumours which...
