Hg Group Lets Go of MEDIFOX DAN to ResMed in Major $1 Billion Deal

UK based private investment fund Hg group announced its intention to sell MEDIFOX DAN to ResMed.  MEDIFOX DAN is a leading provider of digital solutions for the German care and therapy sectors; while ResMed provides cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions.

Furthermore, this deal values MEDIFOX DAN at around $1 billion. ResMed plans to fund this transaction using its existing credit facilities. It expects to close the transaction by 31 December 2022. However, the transaction is subject to regulatory clearances and approvals.

In the year 2021, MEDIFOX DAN had a net revenue was approximately $83 million, with a pro forma adjusted EBITDA of approximately $35 million. Thus, the transaction will also be accretive to Re...

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