ResMed

ResMed Inc. is a San Diego, California-based medical equipment company. It primarily provides cloud-connectable medical devices for the treatment of sleep apnea (such as CPAP devices and masks), chronic obstructive pulmonary disease (COPD), and other respiratory conditions. ResMed produced hundreds of thousands of ventilators and bilevel devices to help treat the respiratory symptoms of patients with COVID-19. ResMed also provides software to out-of-hospital care agencies to streamline transitions of care into and between these care settings for seniors and their care providers (i.e. home health, hospice, skilled nursing facilities, life plan communities, senior living centers, and private duty).

ResMed Inc.
TypePublic company
IndustryMedical
Founded1989 (1989)
FounderPeter C. Farrell
(Founder and Chairman)
HeadquartersSan Diego, California, U.S.
Key people
  • Michael "Mick" Farrell (CEO)
  • Robert Douglas (President and COO)
ProductsMedical equipment for sleep-disordered breathing and other respiratory disorders
RevenueUS$3.6 billion (FY2022)
Number of employees
8,160 (June 30, 2022)
Websiteresmed.com
Footnotes / references
[1]

ResMed employs more than 8,000 employees worldwide as of June 2022.[2] The company operates in more than 140 countries worldwide,[3] and has manufacturing facilities in Australia, Singapore, France, and the United States. Revenue was US$3.6 billion in fiscal year 2022.[4]

History

ResMed was established in 1989 by Peter Farrell in Australia. It relocated to San Diego in 1990. On March 1, 2013, Peter's son Mick Farrell became the company's new CEO. Peter transitioned to a non-executive role at the end of the year.[5]

False claims settlement

In January 2020, ResMed Inc. agreed to pay more than $37.5 million to resolve alleged kickbacks paid to DME suppliers, sleep labs, and other healthcare providers in violation of the Anti-Kickback Statute.[6][7]

References
  1. "ResMed Inc. Profile". MarketWatch.com. Retrieved January 11, 2020.
  2. "San Diego's ResMed expands its cloud software footprint in Europe by acquiring German firm for $1 billion". San Diego Union-Tribune. 14 June 2022. Retrieved 2022-08-11.
  3. Burima, Boh (2018-05-01). "ResMed solid third quarter". Queensland Country Life. Retrieved 2018-06-25.
  4. "ResMed Inc. Announces Results for the Fourth Quarter of Fiscal Year 2022" (Press release). 11 August 2022.
  5. "Founder of ResMed to Step Down as CEO; Mick Farrell to Take Top Post". San Diego Business Journal. February 20, 2013. Archived from the original on July 28, 2017. Retrieved May 26, 2018.
  6. "Resmed Corp. To Pay the United States $37.5 Million for Allegedly Causing False Claims Related to the Sale of Equipment for Sleep Apnea and Other Sleep-Related Disorders". 15 January 2020.
  7. "ResMed Corp. $37.5 Million Settlement and Corporate Integrity Agreement". 3 February 2020.
  • Official website
  • Business data for ResMed Inc.:


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