SAN DIEGO – ResMed plans to do for portable oxygen concentrators what it has done for CPAP machines. That is, make them connected devices that lower costs for HME providers and improve outcomes for patients.
SAN DIEGO – ResMed reported revenues of $454.5 million for the three months ended Dec. 31, 2015, compared to $423 million for the same period in 2014, a 7% increase. It reported net income of $90.5 million vs. $91.2 million, a 1% decrease.
SAN DIEGO – Peter Farrell, founder and chairman of ResMed, sold 20,000 shares of company stock valued at $1.04 million in a transaction on Jan. 4. Farrell still owns 347,978 shares in the company, valued at $18.2 million.
GOTHENBURG, Sweden – Remote monitoring of patients with cardiac rhythm management devices and sleep therapy devices accounted for 81% of all connected home medical monitoring systems in 2015, according to a new study from Berg Insight.
MURRAY HILL, N.J. – C.R. Bard, a manufacturer of medical devices for vascular, urology, oncology and surgical specialty fields, announced last week that it has acquired Liberator Medical for $181 million.