SleepMed Acquires NovaSom’s Assets

Sleep lab operator and ARES home sleep test marketer SleepMed has acquired Novasom’s assets. Each service will continue to operate and the teams will work together.

Roger Anderson, senior vice president of finance and operations, says in a release, “We are excited to invest in Novasom, continuing the high quality diagnostic services with high patient satisfaction.”

On Aug 2, 2019, NovaSom Inc sought relief from its creditors under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. NovaSom is a provider of home sleep apnea testing, utilizing its AccuSom home sleep test.

Jeff Powell, general manager says, “By combining SleepMed, a perennial leader in sleep medicine; Novasom, a highly efficient home sleep operation; and BioSerenity’s technology and cloud platform, we are in a position to rapidly expand our US operations. There are 22 million people suffering from obstructive sleep apnea in the US, with up to 80% undiagnosed. We intend to make the diagnostic process as convenient and efficient as possible for clinicians and patients.”

SleepMed and Novasom will launch a shared investment plan in the coming weeks.

from Sleep Review http://www.sleepreviewmag.com/2019/10/sleepmed-acquires-novasom/

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