ResMed to acquire Propeller Health for $225M

|About: ResMed Inc. (RMD)|By:, SA News Editor

ResMed (RMD +0.7%) has agreed to acquire Propeller Health, 20% owned by Safeguard Scientifics (SFE +3.1%), for $225m in cash. The transaction should close by March 2019.

Propeller Health develops digital therapeutics for chronic respiratory diseases.

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