Medifox Dan is a German software developer for healthcare institutions. The solutions offered by the company provide documentation on the care of patients, personnel planning, administration, billing and much more.
2022: ResMed buys hospital software developer for $1bn
On June 14, 2022, breathing improvement medical device maker ResMed announced the purchase of Medifox Dan for $1 billion. The buyer intends to pay for the transaction with the help of credit funds.
ResMed expects the company's acquisition to boost adjusted diluted earnings per share after the close of the deal, which is slated for the end of the second quarter of fiscal 2023. The company hopes that Medifox Dan's German customer base will complement the customers of its own SaaS business, based in the United States. The acquisition aims to strengthen ResMed's existing business in Germany as a provider of innovative cloud-connected medical devices that transform care for patients with sleep apnea and other respiratory diseases.
{{quote 'We believe that the partnership with ResMed is an opportunity to fulfill the strategic prospects of the international player on an even greater scale in the future. From now on, we are part of a global company that specializes in digitizing the health care system. The main advantage of this deal is the wide range of opportunities for an incredibly flexible combination of a wide variety of services, from which our customers will particularly benefit in their daily care work. We look forward to taking this next step in development together and continuing to best support our customers in their day-to-day work with innovative software solutions and services, "said Medifox Dan Co-Managing Director Thorsten Schliebe. }} According to MassDevice, more than 600 Medifox Dan employees will remain in place, as well as the company's management structure, location and business processes. Co-managing directors Torsten Schliebe and Christian Stedtler will remain in their former positions, reporting to ResMed SaaS president Bobby Goshal. Medifox Dan will operate under its current brand as part of the ResMed SaaS business, as Brightree and MatrixCare do as early as July 2022.[1]
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