SAN DIEGO, Oct. 8 /PRNewswire-AsiaNet/ -- ResMed (NYSE:RMD) announced today that it has completed the previously announced Curative acquisition; Ketaidi is the leader in medical devices and accessories for non-invasive ventilation and sleep-disordered breathing disorders manufacturer.
“By joining the company, we will increase the overall market share of the respiratory medical device market in China,†said ResMed CEO Mick Farrell. “We will work together to improve the quality of life of patients while reducing sleep. Medical costs for respiratory disorders and chronic obstructive pulmonary disease."
ResMed China and Cataldi will remain independent, while Cataldi will continue to invest in China's R&D, manufacturing, marketing and sales teams. Ketai will retain its name, brand and innovative services tailored specifically for the Chinese market and other global markets, while taking a strategic positioning that is different from ResMed's target customer segmentation. Kathy's employees, including its founder and CEO, Jason Sun will remain a member of the ResMed and Cataldi joint team.
The financial terms of the transaction were not disclosed.
Continuous support
Cataldi will continue to support its products through its existing sales team and distribution network.
About Kai Taidi
Founded in 2008, Cataldi has manufacturing facilities in Suzhou, China, with offices in Beijing, Germany and the United States, and a network of distributors throughout China and other designated markets. Ke Teddy is a leading innovator, designer and manufacturer of the medical device industry for sleep disordered breathing and chronic obstructive pulmonary disease, leveraging its expertise in China to drive growth in other markets around the world.
About ResMed
The global team at ResMed (NYSE:RMD) has always been committed to changing the lives of millions of people with breathing. The company employs more than 4,000 people and operates in more than 100 countries. For more than 25 years, the company has been at the forefront of the industry in innovative devices and treatments for the treatment of sleep-disordered breathing, chronic obstructive pulmonary disease and other chronic diseases. ResMed's world-leading products and innovative solutions improve the quality of life of millions of patients around the world, reducing the impact of chronic diseases and saving on healthcare costs.
Source: China Science and Technology Network
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