National Sleep Therapy buys Rest Ensured Medical
CONCORD, N.H. – National Sleep Therapy (NST) has acquired Rest Ensured Medical (REM), kicking off a “growth phase” for the four-year-old company.
NST believes that changing regulations and decreasing reimbursements have created significant opportunity for “innovative healthcare companies,” the company stated in a press release.
“National Sleep Therapy is perfectly positioned to expand on its success and raise the quality of sleep therapy service in this country by acquiring niche sleep companies that can fit our unique model,” stated Eric Cohen, president and co-found of National Sleep Therapy.
NST acquired REM—a small, national provider of CPAP, bi-level therapy and related supplies—for an undisclosed sum.
The addition of REM will allow NST to improve the outcomes of and increase the level of service for a broader patient community, the company stated.
“This acquisition decidedly promotes our strategic vision of expanding our ability to reach a lager population with our advanced patient care methodologies and technologies,” stated Peter Falkson, CEO and co-founder of National Sleep Therapy, which boasts a PAP success rate of more than 88%. “Operating under the National Sleep Therapy umbrella and accessing the innovative tools National Sleep Therapy has developed, REM will be able to engage patients in a more meaningful way.”
National Sleep Therapy will preserve the established relationships between REM and its patients and referring physicians, the company stated.
“With the operational support NST has perfected, we are freed to once again focus our efforts where our passions lies: comprehensive patient care, disease management and improving patient health outcomes,” stated Andrew Cook, founder of REM.