ResMed Acquires Privately Held Sleep And Respiratory Care Diagnostics Software Provider Somnoware; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
ResMed has acquired Somnoware, a privately held sleep and respiratory care diagnostics software provider. The financial terms of the deal were not disclosed. ResMed plans to retain all Somnoware staff and integrate its offerings into the ResMed brand and solution ecosystem.
July 05, 2023 | 8:08 pm
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POSITIVE IMPACT
ResMed's acquisition of Somnoware could potentially enhance its product portfolio and strengthen its position in the market. However, the financial terms of the deal were not disclosed.
The acquisition of Somnoware by ResMed could potentially enhance its product portfolio and strengthen its position in the market. This could lead to increased sales and revenue in the future. However, as the financial terms of the deal were not disclosed, it's difficult to assess the immediate financial impact on ResMed.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100