Viasys strengthens sleep position
CONSHOHOCKEN, Pa. - Viasys Healthcare made a play last month to strengthen its position in the sleep therapy market by acquiring Tiara Medical Systems, an Oak Forest, Ill., maker of CPAP masks, for $24.3 million. Viasys, which focuses on respiratory, neurology, medical disposable and orthopedic products, financed the acquisition with cash and borrowings from its revolving credit facility. Earlier this summer, Viasys restructured its sales and marketing departments to make room for a separate sleep division. It also joined eight other manufacturers to form an alliance to lobby on reimbursement and other issues related to sleep disordered breathing.