ResMed acquires out-of-hospital care software developer Medifox Dan
San Diego-based medical device company ResMed has completed the previously announced acquisition of Medifox Dan, a German out-of-hospital care management software developer, for €958.6 million ($997.5 million) in a move to expand its SaaS business to Germany, its first non-US market.
Through the acquisition that was announced in June 2022, ResMed adds outpatient therapy services to its SaaS offering portfolio.
Medifox Dan with more than 700 personnel at nine locations across Germany, develops software solutions and services for therapeutic practices, professional and non-professional care, and child, family, as well as youth welfare facilities.
Akin to ResMed’s US SaaS brands — MatrixCare and Brightree solutions, Medifox Dan’s financial, administrative, and operational solutions offer care documentation, administration, personnel planning, and billing services to out-of-hospital care providers.
ResMed acquires out-of-hospital care management software developer Medifox Dan. Logo courtesy of ResMed.
Mick Farrell — ResMed CEO said: “Medifox Dan is a German leader in software innovation, united with the rest of ResMed in its mission to improve tens of millions of people’s lives through technology.
“Today, its strong offerings and dedicated staff expand ResMed’s out-of-hospital SaaS business into new health sectors, and to build on our strong ResMed healthcare business in Germany, the world’s second largest healthcare market in per capita spending.”
Hildesheim-headquartered, Medifox Dan will now function under its existing brand within the ResMed SaaS business space.
Dr Thorsten Schliebe and Christian Städtler — Medifox Dan Co-Managing Directors said: “With ResMed, we have found an ideal partner –global leaders in digital health, cloud-based SaaS solutions with emphasis on innovation, data privacy and data security – with which we can continue to grow, develop, and provide our customers with secure, state-of-the-art software solutions and services, so they can navigate the challenges of their daily caregiving routines in the best possible way.”
ResMed anticipates retaining Medifox Dan’s business processes, locations, and employees.
In 2020, MediFox merged with DAN to form Medifox Dan.