Sleep disorders continue to spawn acquisitions. In February, ResMed Inc. (NYSE: RMD) paid $800 million for Brightree, a digital health company focused on post-acute segments that have a high prevalence of sleep-disordered breathing problems.
This month, MedBridge Healthcare, a portfolio company of Vicente Capital Partners, paid an undisclosed price for Sleep Services of America, a wholly-owned subsidiary of the John Hopkins Health System. The Glen Burnie, Maryland-based company operates locations in Georgia, Maryland, New York, North Carolina and the District of Columbia, providing diagnosis, treatment and diagnostic studies for sleep disorders.
The deal is a good fit for MedBridge, which provides diagnostic services and home respiratory therapy services for a growing population of patients with obstructive sleep apnea and other sleep disorders. MedBridge and SSA, collectively, provide more than 60,000 diagnostic sleep studies per year, serving patients in over 140 locations in 21 states and the District of Columbia. Together, they will provide innovative patient care solutions and combine best practices to better serve the increasing population of those suffering from sleep disorders.