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Gus Iversen, Editor in Chief | August 20, 2024
ZOLL Medical, a subsidiary of Japan's Asahi Kasei, has emerged as the successful bidder to acquire the ventilator business from Vyaire Medical.
The acquisition is part of Vyaire’s ongoing Chapter 11 bankruptcy proceedings, which were initiated in June 2024. The deal's completion remains contingent on court approval during a sale hearing and the successful closing of the transaction, expected in the coming weeks.
The move will expand ZOLL’s respiratory care offerings. The company, which has been active in the ventilator market since 2014, aims to strengthen its position in acute critical care.
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“Respiratory care has been central to ZOLL’s business strategy for many years,” said Jon Rennert, the company's CEO. “If the acquisition is successfully completed, adding Vyaire’s ventilators to ZOLL’s product portfolio will enhance our ability to serve a broader range of clinicians and patients.”
Vyaire Medical, which filed for bankruptcy in June, has continued to operate and serve its ventilator customers with minimal disruption. The Chapter 11 filing allowed the company to restructure and sell its business units, including the ventilator division. Until the acquisition is finalized, Vyaire will maintain its customer service operations.
