ResMed to draw on credit facility for Propeller Health purchase

By Sara Rosenberg

New York, Dec. 3 – ResMed Inc. plans to use its credit facility to primarily fund the $225 million acquisition of Propeller Health, according to a news release.

Closing is expected before the end of the third quarter of ResMed’s fiscal year 2019, subject to customary conditions, including regulatory approvals.

ResMed is a San Diego-based provider of cloud-connected medical devices and out-of-hospital software-as-a-service business solutions. Propeller Health is a Madison, Wis.-based digital therapeutics company.

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