ResMed Announces Purchase of Curative Medical

ResMed says it will purchase Curative Medical, a private provider of non-invasive ventilation and sleep-disordered breathing devices and accessories, to target the Chinese market. ResMed did not release terms of the deal but noted it does not include Curative’s vascular catheter business.

The deal is expected to be finalized by the end of the year. ResMed China and Curative will retain their operational independence and continue to invest in the China market.

ResMed employs more than 4,000 employees and has a presence in more than 100 countries and has focused on devices and treatments for sleep-disordered breathing, chronic obstructive pulmonary disease and other chronic diseases for more than 25 years.

Founded in 2008, Curative’s manufacturing base is in Suzhou, China, and it has offices in Beijing, Germany and the U.S. — John Bechtel