M&A Deal Summary

ResMed Acquires Propeller Health

On December 3, 2018, ResMed acquired medical products company Propeller Health for 225M USD

Acquisition Highlights
  • This is ResMed’s 9th transaction in the Medical Products sector.
  • This is ResMed’s 4th largest (disclosed) transaction.
  • This is ResMed’s 10th transaction in the United States.
  • This is ResMed’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2018-12-03
Target Propeller Health
Sector Medical Products
Buyer(s) ResMed
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Propeller Health

Madison, Wisconsin, United States
Propeller Health is a digital therapeutics company dedicated to the development and commercialization of measurably better medicines. Propeller creates products to more effectively treat chronic respiratory disease and improve clinical outcomes for patients through connectivity, analytics, and companion digital experiences. The Propeller platform is used by patients, physicians and healthcare organizations in the United States, Europe and Asia.

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Buyer(S) 1

Buyer

ResMed

San Diego, California, United States
Category Company
Founded 1989
Sector Medical Products
Employees7,770
Revenue 4.2B USD (2023)
DESCRIPTION
Entrance to ResMed's corporate headquarters in San Diego, California.
Entrance to ResMed's corporate headquarters in San Diego, California.

ResMed is a developer, manufacturer, and marketer of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders including sleep disordered breathing, or SDB, chronic obstructive pulmonary disease, or COPD, neuromuscular disease and other chronic diseases. ResMed's products and solutions are designed to improve patient quality of life, reduce the impact of chronic disease and lower healthcare costs as global healthcare systems continue to drive a shift in care from hospitals to the home and lower cost settings. ResMed's cloud-based software digital health applications, along with its devices are designed to provide connected care to improve patient outcomes and efficiencies for its customers. ResMed was founded in 1989 and is based in San Diego, California.

DEAL STATS #
Overall 18 of 22
Sector (Medical Products) 9 of 10
Type (Add-on Acquisition) 17 of 21
State (Wisconsin) 1 of 1
Country (United States) 10 of 11
Year (2018) 3 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 MDI Achieve

Bloomington, Montana, United States

MDI Achieve, Inc. (MatrixCare) is a provider of software services to EHR for long-term care and senior living provider. MatrixCare is the complete solution for growing organizations that need to successfully manage risk in care delivery across the LTPAC spectrum. Trusted by more than 13,000 facility-based care settings and more than 2,500 home care, home health, and hospice organizations, MatrixCare’s solutions help ACOs, skilled nursing and senior living providers, life plan communities (CCRCs), and home health organizations to connect, collaborate and prosper as we migrate to a fee-for-value healthcare system. In addition to EHR components purpose-built for any LTPAC care-setting, MatrixCare also includes solutions to systematically increase clinical quality: Enterprise Analytics, robust Clinical Decision Support, and the industry’s first Care Coordination platform to create a true, person-centric, e-longitudinal health record and enable LTPAC providers to efficiently manage the populations under their care.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-08 Hibi Health Care

Seoul, South Korea

Hibi Health Care Co. Ltd. is a fast-growing privately owned South Korean home medical equipment provider, serves both reimbursed and cash-pay customers of sleep and respiratory care devices.

Buy -
Mergr

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