ASX-listed medical device manufacturer ResMed has completed the acquisition of South Korea’s HB Healthcare (HBH), a fast-growing privately owned home medical equipment provider. Financial terms have not been disclosed.
One in five Korean adults is believed to have sleep apnoea, according to a study by Ansan Hospital, Korea University and the Korea Centre for Disease Control and Prevention. News of the acquisition comes in the wake of the Korean government’s decision in July last year to commence National Health Insurance Service reimbursement for sleep apnoea diagnosis
“We’re excited to join the ResMed family and, together, help provide life-changing, cloud-connectable devices to millions of Koreans living with sleep apnoea, chronic obstructive pulmonary disease and other chronic diseases,” said Hong Seung Chul, HB Healthcare’s director of patient management.