Tuesday, February 23, 2016
ResMed Acquires Brightree For $800M
San Diego-based medical device provider ResMed has acquired healthcare software developer Brightree, in a deal worth $800M, according to the companies. ResMed said it will pay $800M in cash for ResMed, which had net sales of approximately $113M in 2015. Brightree develops business management and clinicla software for the post-acute care industry, for managing home and durable medical equipment, home health, and hospice, and was based in Atlanta. ResMed said the buy will further its position as a "tech-driven medical device company."