Ventilator-Maker Vyaire Goes Bankrupt as Covid-19 Demand Wanes

Ventilator-maker Vyaire Medical Inc. filed for bankruptcy, succumbing to a decline in demand for ventilators as the Covid-19 pandemic has eased.

The Illinois-based provider of medical equipment filed for Chapter 11 bankruptcy Sunday, listing assets of as much as $500 million and liabilities of up to $1 billion. The company said it intends to sell all its assets and is seeking approval to keep operating through the sales process.

Vyaire, which develops breathing technology, experienced significantly higher demand for its products during Covid. But pandemic-related supply chain disruptions diminished the company’s cash flow, while increased competition hurt its business. Vyaire ...