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ResMed Inc. (ASX:RMD)

ALERT: Price-sensitive ASX Announcement for RMD
Current share price for RMD : $31.940 0.5 (1.59%)+
Announcement
Release
8 Jul 2026 8:24AM
Price at Release
$31.440
Full Release
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Summary
ResMed Inc. announced an agreement to sell its MatrixCare business to Frazier Healthcare Partners for $490 million, subject to regulatory approvals and closing conditions. This move is a part of ResMed's strategy to focus on high-growth areas such as sleep health and connected home-based healthcare, and it plans to invest the proceeds in share repurchase programs and corporate purposes. The sale is expected to close in the first quarter of fiscal year 2027, and transition services agreements will be set up to ensure smooth operations during the transition. MatrixCare, a provider of software solutions to numerous care facilities, will continue operations under new ownership, while ResMed shifts its focus to other strategic priorities.
Key Points
  • ResMed has entered into a definitive agreement to sell its MatrixCare business to Frazier Healthcare Partners.
  • The transaction is valued at $490 million and is expected to close in the first quarter of ResMed's fiscal year 2027.
  • ResMed plans to use the proceeds from the sale for an accelerated share repurchase program and general corporate purposes.
  • The sale aligns with ResMed's 2030 strategy to focus on high-growth, scalable opportunities in sleep health, breathing health, and connected home-based healthcare.
  • ResMed and Frazier Healthcare Partners will enter into transition services agreements to maintain continuity during the transition.
  • MatrixCare provides software solutions to over 15,000 providers in skilled nursing, senior living, long-term care, and home health and hospice care.
  • ResMed will continue to focus on its Residential Care Software segment and expects high single-digit revenue growth in fiscal year 2027.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.