ResMed Buys Irish Device Company

7/6/11Follow @bvbigelow

San Diego’s ResMed (NYSE: RMD), which makes continuous positive air pressure devices for managing sleep-disordered breathing, said today it paid cash to acquire all the outstanding shares it doesn’t already own for BiancaMed of Dublin, Ireland. While financial terms were not disclosed, a ResMed spokeswoman told The San Diego Union-Tribune the price was a “significant premium” over the $15.8 million invested in BiancaMed before now. BiancaMed, a spinout from University College Dublin, has developed a sensing device to monitor a person’s sleep and breathing in the home and hospital.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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