M&A
confidence high
sentiment positive
materiality 0.75
ResMed sells MatrixCare to Frazier Healthcare for $490M cash; sharpens focus on sleep health
RESMED INC
- All-cash deal valued at $490M, subject to closing adjustments; expected to close in Q1 FY2027.
- MatrixCare had ~$220M revenue and ~$55M non-GAAP operating profit in FY2026.
- Net proceeds to be used for share repurchases (ASR) and general corporate purposes.
- Noctrix acquisition expected to add ~$30M revenue but reduce non-GAAP diluted EPS by ~$0.20 in FY2027.
- ResMed reiterates FY2026 non-GAAP margin, SG&A, R&D, and tax rate outlook; full FY2027 guidance on Aug 6 call.