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ResMed Nears Deal for Hg-Backed Software Provider MediFox

  • Deal for software provider will help ResMed expand outside US
  • San Diego-based ResMed has a $30 billion market value
Updated on

ResMed Inc., a publicly traded medical equipment provider, will buy MediFox Dan Holding GmbH, a German health software company owned by private equity firm Hg.

San Diego-based ResMed announced the acquisition in a statement Tuesday that confirmed an earlier Bloomberg News report. The takeover, which will expand ResMed into the fast-growing software space, values MediFox at about $1 billion including debt.