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Wednesday, 05/22/2019 8:00:30 PM

Wednesday, May 22, 2019 8:00:30 PM

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10MIL O/S!! BUT SOME RATHER BUY 2BIL O/S FAKE MERGER TICKERS AND DREAM OF IT RUNNING TO A DOLLAR ON IHUB MONEY! ONLY A MATTER OF TIME BEFORE RESMED SCOPE THIS UP WHILE ITS CHEAP!


The trend

This marks ResMed’s second major acquisition within a short time frame. At the beginning of November the respiratory company announced a $750 million deal to acquire Minnesota-based EHR company MatrixCare. The MatrixCare acquisition was expected to help ResMed further its foothold in the software-as-a-service space, specifically in the longterm care setting.

Originally known as Asthmapolis, Propeller Health was founded more than a decade ago, making it one of the earliest pioneers of the digital health space.

In May the company announced a $20 million funding round led with a $10 million investment from Aptar Pharma. It's total funding at the time of acquisition was just shy of $70 million, according to Crunchbase.
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