Software and services investor Hg has sold German digital care platform MEDIFOX DAN to San Diego-based ResMed in a transaction valuing the business at an enterprise value of around $1 billion. The new acquisition will allow ResMed to expand its SaaS business footprint outside the U.S. and speed up the digital transformation of care in Germany.
German-based MEDIFOX DAN offers software solutions and services to care and therapy providers. Its core offering comprises digital solutions for resource and route planning, care planning and documentation, administration, and billing, as well as factoring and hosting services.
California-based ResMed offers cloud-connected medical devices and out-of-hospital software solutions for over 137 million users globally.
Thorsten Schliebe and Christian Städtler, co-managing directors of MEDIFOX DAN said: “We are excited to take this next step of the journey together and to continue delivering solutions and innovation to our clients.”
Stefan Margolis and Benedikt Joeris, partners at Hg, added: “Together we have significantly further expanded MEDIFOX DAN’s offering through continued product investment, including nine acquisitions. ResMed, who we’ve known for many years, will be a great home to continue that innovation journey, enabling care givers to focus on people and patients.”