M&A
confidence medium
sentiment neutral
materiality 0.75
ResMed to acquire MediFox-Dan for EUR 810M; closing expected by Dec 31, 2022
RESMED INC
- Base purchase price of EUR 810M fixed via locked box; enterprise value EUR 950M.
- Funded with existing cash and borrowings under credit facility; intercompany loan to ResMed Germany SaaS.
- Closing subject to German merger control, foreign investment, and BaFin clearances.
- Termination fee of EUR 10M payable to seller if BaFin clearance not obtained.
- Acquisition of 100% of MediFox-Dan shares and shareholder loan receivables.