M&A
confidence high
sentiment positive
materiality 0.85
ResMed to acquire German out-of-hospital software leader MEDIFOX DAN for ~$1B
RESMED INC
- Purchase price ~US$1.0B (€950M); expected to close by Dec 31, 2022 subject to German regulatory clearances.
- MEDIFOX DAN CY2021 pro forma revenue ~$83M, adjusted EBITDA ~$35M; deal expected accretive to non-GAAP EPS.
- Expands ResMed's SaaS business into Germany; MEDIFOX DAN brand and management to continue under ResMed SaaS.
- Co-managing directors Dr. Thorsten Schliebe and Christian Städtler will remain, reporting to ResMed SaaS President.
- ResMed to fund via existing credit facilities; Evercore and DLA Piper serving as advisors.