Private investment firm PBM Capital Group, whose portfolio includes Human Design Medical (HDM) and its Z1 CPAP, has acquired Breas Medical AB from GE Healthcare. Breas, headquartered in Sweden, manufactures home respiratory ventilators and sleep apnea products for the global home healthcare market. Breas employs more than 100 people in nine countries and operates a 30,000-square-foot manufacturing/office facility in Sweden.
PBM Capital will integrate Breas into HDM. “We acquired Breas because it is a logical fit with our growing HDM sleep apnea business,” says PBM Capital Group CEO Paul B. Manning, in a release. “The Z1 CPAP machine has had an incredible launch here in the United States, and we have more innovative products in the pipeline. The Breas acquisition opens the door to global distribution channels and gives us immediate access to an established line of home care ventilators backed by a strong IP portfolio. We are very excited to merge these two great companies.”
“The Breas management team is excited with this transaction and looks forward to leveraging our core efficient operation developed by GE Healthcare, our strong customer relationships, and significant global breadth with an entrepreneurial owner that is focused on changing the respiratory industry,” says Nicke Svanvik, CEO of Breas.
The combined companies will continue to innovate by developing new products or acquiring additional respiratory product companies that will extend their reach into the global home respiratory products market.
Breas Medical AB was founded in Gothenburg, Sweden, in 1991, and was acquired by GE Healthcare, a subsidiary of General Electric Company, in 2008.