On November 26, Respiri Limited announced that it entered into an agreement with Orb Health, Inc. to acquire its business and assets for $9 million.
The business and assets of Orb Health, Inc. include remote patient monitoring (RPM) and chronic care management services. Orb Health was founded in 2011 and is based in Richardson, Texas, a suburb of Dallas.
Based in Melbourne, Australia, Respiri Limited is an e-Health SaaS company supporting respiratory health management. The company offers respiratory RPM. Respiri’s technology detects wheeze, a typical symptom of asthma, chronic obstructive pulmonary disease and respiratory disease to provide an objective measure of airway limitation.
The combined entity will manage approximately 5,500 enrolled patients, with plans for further growth. This acquisition is projected to drive substantial synergies, including annual cost savings of approximately A$3.5 million (more than $2.25 million USD) through operational streamlining, technology integration and structural consolidation.
According to LevinPro HC data, this transaction represents the 223rd eHealth transaction of the year and the 22nd in the RPM specialty. Throughout all of 2023, there were 274 eHealth acquisitions and 22 RPM transactions.
