ResMed Buys Irish Device Company

Xconomy San Diego — 

San Diego’s ResMed (NYSE: RMD), which makes continuous positive air pressure devices for managing sleep-disordered breathing, said today it paid cash to acquire all the outstanding shares it doesn’t already own for BiancaMed of Dublin, Ireland. While financial terms were not disclosed, a ResMed spokeswoman told The San Diego Union-Tribune the price was a “significant premium” over the $15.8 million invested in BiancaMed before now. BiancaMed, a spinout from University College Dublin, has developed a sensing device to monitor a person’s sleep and breathing in the home and hospital.