CHARLOTTESVILLE, Va., Feb. 4, 2014 /PRNewswire/ -- PBM Capital
Group, a healthcare-focused private investment firm, has announced the
acquisition of Breas Medical AB from GE Healthcare, a subsidiary of
General Electric Company (NYSE:GE). Breas, headquartered in Sweden, is a
leading manufacturer of home respiratory ventilators and sleep apnea
products for the global home healthcare market sold in more than 40
countries. Breas employs more than 100 people in nine countries and
operates a 30,000 square-foot manufacturing/office facility in Sweden.
(Photo: http://photos.prnewswire.com/prnh/20140204/PH58722-a )
(Logo: http://photos.prnewswire.com/prnh/20140204/PH58722LOGO-b )
PBM Capital will integrate Breas into Human Design Medical(HDM), an
existing portfolio company. HDM is a lifestyle medical device company
focusing on the treatment of sleep apnea. HDM launched the Z1[sup.(TM)]
CPAP machine, which has become the fastest-growing sleep apnea device in
the world.
According to the NIH, untreated sleep apnea can increase the risk of
high blood pressure, heart failure, heart attack, stroke, obesity, and
diabetes. Sleep apnea makes arrhythmias (irregular heartbeats) more
likely and increases the risk of having work related or driving
accidents.
http://www.youtube.com/watch?v=gOGkJvSPhsM
The combined companies will continue to innovate by developing new
products or acquiring additional respiratory product companies that will
extend their reach into the global home respiratory products market.
Breas Medical AB was founded in Gothenburg, Sweden, in 1991, and was
acquired by GE Healthcare in 2008. Breas product development is focused
on home care ventilation and sleep therapy products. Products are sold
directly through Breas and a global network of distributors. Breas has a
solid pipeline of products in development and will introduce its Vivo 50
ventilator in the United States this quarter.
HDM is an innovator in lifestyle medical devices and CPAP machines
used in the treatment of sleep apnea. In November 2013, HDM released the
Z1, the world's smallest and lightest CPAP machine. Available with
an optional integrated battery, the Z1 has been selling ahead of plan
since it was introduced in November 2013.
About PBM Capital Group
PBM Capital Group, LLC, is a private investment firm focused on
healthcare and life science investments. The firm was founded and is led
by Paul B. Manning, an entrepreneur who most recently sold an infant
formula and nutrition business to Perrigo Company in 2010. PBM Capital
invests across all stages of corporate development: venture capital,
leveraged buyouts, growth capital, distressed/turnaround, and public
equity value investing. Portfolio companies also include PBM
Pharmaceuticals, Enzymatics, Triangle Research Labs, Firefly BioWorks,
Gen 9, and QC Labs. Visit www.pbmcap.com for more information.
Contact: Sean Stalfort PBM Capital Group (434) 980-8104
sstalfort@pbmcap.com
www.pbmcap.com www.smallcpap.com www.breas.com www.hdmusa.com
SOURCE PBM Capital Group, LLC
