Respironics Acquires Mini-Mitter

In a move to expand the company's position in the sleep market, Respironics, Inc. (Murraysville, PA, USA) has acquired Mini-Mitter Company, Inc. (Bend, OR, USA) for U.S.$10.5 million in cash.

Based on Mini-Mitter's operating performance over the next two years, additional payments may be made by Respironics. Mini-Mitter develops and markets a range of physiologic monitoring products, including devices that measure sleep-wake activity, dermal and core body temperature, heart rate, and energy expenditure. Two key products developed by the company are the Actiwatch and VitalSense. The Actiwatch is a portable wrist-worn device used by sleep researchers to assess and monitor insomnia, circadian rhythms, and limb-movement disorders in both children and adults. VitalSense, also widely used by researchers, is a user-worn monitor that can receive telemetric vital signs from data from multiple wireless sensing devices. It records core body temperature from an ingestible capsule and dermal body temperature through a small skin sensor.

"We believe that Mini-Mitter's technologies have broad applicability to market segments including sleep research, clinical trials, and the sleep lab or other sleep-assessment setting,” observed John Miclot, president and CEO of Respironics. "Mini-Mitter's strong consumer relationships, well-respected technology, and research and development competencies will be an excellent complement to our business.” Respironics is a leading developer, manufacturer, and distributor of products and programs that serve the global sleep and respiratory markets.





Related Links:
Respironics
Mini-Mitter