LONDON,
ON, Aug. 22, 2024 /PRNewswire/ - Trudell
Medical Limited has reached an agreement to purchase the RDx
business unit of Vyaire Medical.
RDx manufactures respiratory diagnostic products that are used
in hospitals and private clinics worldwide and are trusted by
specialists in the respiratory community.
The purchase is subject to court approval and is expected to
close in 8-12 weeks. The acquisition will expand Trudell Medical's
already strong market position in aerosol drug delivery and lung
health devices to include respiratory diagnostics.
Trudell Medical intends to operate RDx as a separate business
unit and maintain operations in Germany and California.
The acquisition would ensure the continuation of service to RDx
customers. Earlier this year, Vyaire Medical filed for Chapter 11
Protection and announced the company was focused on selling its
business units to stable, well-capitalized buyers.
Vyaire's Repiratory Diagnostics and Ventilation solutions are
currently distributed by Trudell Healthcare Solutions (THS) within
the Canadian healthcare system.
Quotes
"We welcome the opportunity to add Vyaire RDx's people,
products, and passion to our Trudell Medical family. Respiratory
Diagnostics help to enhance and extend lives. This is in perfect
alignment with our 'Patient First' Core Value across the Trudell
Medical Group. Every day, we're focused on designing and
manufacturing products and services that improve patients'
lives."
-George Baran, Executive Chair,
Trudell Medical Limited
Since establishing the market 70 years ago under Eric Jaeger's leadership, Vyaire RDx has been a
global leader in the Pulmonary Function Testing space. As part of
this legacy, Trudell have been an outstanding distribution partner
for Vyaire RDx in Canada. This
well-established relationship serves as a firm foundation for
Vyaire RDx to become part of the Trudell family, which has clearly
aligned values and shared business objectives built on placing the
customer and our employees at the heart of all we do. The entire
RDx team are excited about the next stage of our journey as we
continue to deliver innovative, market leading products to our
customers around the world.
-Will Throp, CEO, Vyaire RDx
About Trudell Medical Limited
Our focus is on respiratory care, select areas of the hospital
operating room and providing pathways for virtual care. Through our
six operating companies, we provide patients throughout the world
with medical devices and services that make their lives better.
Visit TrudellMedicalGroup.com.
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SOURCE Trudell Medical Limited