ResMed to Acquire Saime SA

ResMed announced that it has entered into a definitive agreement to acquire Saime SA, a developer and distributor of ventilation products in France and Germany. ResMed has agreed to acquire Financiere ACE SAS, the holding company for Saime SA and its affiliates, for an enterprise value of approximately EUR86 million, consisting of approximately 40 million Euro in equity and approximately EUR46 million in net debt. ResMed expects to finance the acquisition with a combination of existing cash reserves and debt. ResMed expects the acquisition will close in May 2005, with an insignificant impact on earnings for fiscal year 2005.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/05-05-2005/0003545527&EDATE=)