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ResMed acknowledges 'temporary distraction'

October 25, 2013Liz Beaulieu, Editor

SAN DIEGO - Round 2 of competitive bidding has tapped the brakes on ResMed's growth, officials acknowledged during a conference call Oct. 24 to discuss the company's first quarter 2014 earnings.ResMed reported that sales in the Americas were $201.5 million for the quarter, up only 4% from the same period in 2013. In the fourth quarter of 2013, they were up 11% from the previous year.“It's a temporary distraction,” said CEO Mick Farrell during the call.ResMed officials contend that many...

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