ResMed Agrees $1 Billion Acquisition of Hg-Backed MediFox

ResMed Inc., a publicly traded medical equipment provider, will buy MediFox Dan Holding GmbH, a German health software company owned by private equity firm Hg.

San Diego-based ResMed announced the acquisition in a statement Tuesday that confirmed an earlier Bloomberg News report. The takeover, which will expand ResMed into the fast-growing software space, values MediFox at about $1 billion including debt.

That makes it ResMed’s largest deal to date, according to data compiled by Bloomberg.

ResMed manufactures medical products that treat breathing disorders like sleep apnea. It generated almost 39% of its revenue for 2021 outside ...