About the Company
ResMed is a medical equipment company headquartered in San Diego, California, United States. Peter Farrell established the firm in Australia in 1989. In 1990, the company relocated to the United States. ResMed shares trade on the New York Stock Exchange (NYSE) as well as the Australian Securities Exchange (ASX) under the ticker symbol of RMD. RMD shares are also a component of the S&P 500 stock market index.
Its corporate name, ResMed, is a portmanteau for “Respiratory Medicine”. It offers cloud-connected medical devices as well as software as a service (SaaS) business solutions. ResMed’s clientele comprises individuals, families, healthcare professionals and specialists. It offers sleep devices, respiratory devices, CPAP masks, CPAP/Bi-level accessories, and Floton Auto CPAP. RMD’s product line for healthcare professionals consists of masks, devices, humidifiers, ventilation accessories, data solutions, titration, and diagnostics. The company also offers diagnosis and treatment for non-invasive ventilation, COPD, neuromuscular disease, paediatric patients, OHS, restrictive lung disease, as well as sleep apnea. Some of its notable products are AirFit N30, AirFit N30i, AirFit F20, Quattro Air, AirSense 10, Lumis 100, Stellar, Astral, and AirCurve 10. The company’s product portfolio also includes digital solutions, namely myAir app, Sleep assessment and myNight app. Forbes included the company in its rankings of Just Companies 2019, wherein it ranked 18th. In 2019, ResMed acquired Propeller Health, an American digital therapeutics company. This was a major merger in RMD’s history and had a transaction value of $225 million. That same year, it also bought-off HB Healthcare (HBH), a medical equipment company based in South Korea.
As of 2021, the company operates internationally and covers key regions like America, Asia-Pacific as well as Europe, the Middle East and Africa (EMEA). Its manufacturing units are located in Singapore, the United States, France and Australia. RMD’s corporate offices are in Bella Vista in Australia, Kontich in Belgium, Espoo in Finland, Bremen in Germany, London in United Kingdom, Warszawa in Poland, Stockholm in Sweden, Beijing in China, Chengdu in China, Chiyoda in Japan, Marousi in Greece, Vimercate in Italy, Majadahonda in Spain, Sandvika in Norway, New Delhi in India; and Basel in Switzerland. ResMed ranked 1387th on the Forbes list of Global 2000 2020 companies.;
|Industry||Medical Instruments & Supplies|
|HeadQuarters||San Diego, CA|