Through the intention to acquire, PMDS’s focus on growing sales of its RespiraSense™
“The synergy between the two companies will reduce PMDS’s time of entry into the US for its RepsiraSense product, accelerate our path to group profitability and bring forward our target to reach 100 MSEK in annual recurring revenue. In addition, combining the companies’ innovations will complement each other as heart failure and respiratory disease are the two largest drivers of hospital-related activity," said
“PMDS sees a feasible opportunity to cut costs and apply our lean operating model in the US operation. The aim will be to initially keep around 1,400 billable patients per month and increase this to the maximum potential over the next 6-9 months. We will prioritise resources to reliable customer accounts and accelerate RespiraSense’s US market access plan to maximise the volume of patient activity. This strategy can enable us to materially increase the total number of patients while ensuring the business maintains a lean operating model, becomes a profitable business unit of PMDS, and has a well-qualified pipeline of new customers,” said
Full details of the acquisition will be published upon signing of the Transfer Agreement.
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