ResMed grows presence in China
SAN DIEGO – ResMed has signed a definitive agreement to acquire Curative Medical, a manufacturer of non-invasive ventilation and sleep disordered breathing medical devices and accessories in China. The deal will expand ResMed’s presence in China’s significant and fast-growing respiratory medical device market and boost its global product platform, according to a press release. When the deal is complete, ResMed China and Curative Medical will retain their operational independence and continue to invest in R&D, manufacturing, marketing and sales teams in China. Curative Medical will maintain its name, brands and offerings. Its employees, including founder and CEO Jason Sun, will continue as members of the combined ResMed and Curative Medical team. Financial terms of the deal were not disclosed.