Tag: sleep devices
3B Medical sets stage for product innovation, diversification
December 8, 2017Liz Beaulieu, Editor
WINTER HAVEN, Fla. - You could call 2017 a rebuilding year for 3B Medical.Until January of 2017, 3B Medical was embroiled in a patent lawsuit with a competing manufacturer of sleep therapy devices, ResMed. The lawsuit spanned 16 actions across three continents, says Alex Lucio, executive vice president at 3B Medical.“It was a massive litigation for a company our size,” he told HME News. “3B is a product company. We want to work on developing new products and bringing innovative...
ResMed on growth 'trajectory'
July 29, 2016HME News Staff
SAN DIEGO - ResMed ended its fiscal year 2016 with double-digit growth and is on a “trajectory to be the world's leading tech-driven medical device company,” say company execs.ResMed reported revenue of $518.6 million for the fourth quarter compared to $453 million for the same period in 2015, a 14% increase. Revenue for the year was $1.8 billion.Revenue in the Americas was $324.5 million for the quarter, including Brightree revenue of $28.9 million. ResMed closed on its $800 million...