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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 4.7B USD (2024)
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 23
Sector: Medical Products M&A 9 of 10
Type: Add-on Acquisition M&A Deals 17 of 22
State: Wisconsin M&A 1 of 1
Country: United States M&A 10 of 12
Year: 2018 M&A 3 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 MatrixCare

Bloomington, Minnesota, United States

MatrixCare enables long-term, post-acute care (LTPAC) organizations to provide better health outcomes for seniors while successfully managing risk in out-of-hospital care delivery. MatrixCare is trusted by thousands of senior living, skilled nursing, and accountable care organizations; life plan communities; and private-duty, home health, and hospice agencies. MatrixCare’s active care management platform helps providers connect and collaborate to keep America’s seniors healthy and optimize outcomes for the populations under their care.

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

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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