DLA Piper advises ResMed on acquisition of MEDIFOX DAN
DLA Piper has advised ResMed on the acquisition of privately held MEDIFOX DAN, a German leader in out-of-hospital software solutions for providers in major settings across the care continuum, from HgCapital, a leading private equity technology and services investor. Under the agreement terms, ResMed will acquire MEDIFOX DAN for approximately USD1.0 billion (EUR950 million). The transaction is expected to close by 31 December 2022, subject to regulatory clearances.
MEDIFOX DAN Group, headquartered in Hildesheim, Germany, provides clinical, financial, and operational solutions for out-of-hospital care providers, including care documentation, personnel planning, administration and billing. The company currently employs over 600 people at nine locations nationwide.
MEDIFOX DAN's German customer base is complementary to the customers of ResMed's U.S.-based SaaS business. In addition, the acquisition of MEDIFOX DAN builds on ResMed's existing business in Germany as a leading provider of innovative cloud-connected medical devices that transform care for patients with sleep apnea and other respiratory conditions. The out-of-hospital software platforms of ResMed support professionals and caregivers who help people stay healthy in the home or care setting of their choice.
The DLA Piper team was led by partner Dr Mathias Schulze Steinen (Corporate/M&A, Frankfurt) and also included partners Semin O (Antitrust, Frankfurt), Dr Henriette Norda (Employment, Hamburg), Jan Pohle (IT/Data Protection, Cologne), Dr Wolfram Distler (Finance), Dr Konrad Rohde (Tax, both Frankfurt), Dr Thilo von Bodungen (Commercial, Munich), Dr Christian Schneider (Insurance Law, Cologne), Dr Burkhard Führmeyer (IPT), of counsel Martin Heinsius (Tax, both Frankfurt), counsel Hanna Lütkens (Corporate/M&A, Munich), Miray Kavruk (IPT, Frankfurt), Dr Enno Ahlenstiel (Antitrust Law), Dr Thilo Streit (Public Commercial Law), Dr med Kokularajah Paheenthararajah (Patent Law/Life Sciences, all Cologne), Dr Raimund Behnes (Tax, Frankfurt), Dr Susanne Weckbach (Commercial, Munich), Dr Dominique Ferrari, Dr Andreas Keller (both Insurance Law, Cologne), Georg Haberkorn (Employment), Silke Goschler (Commercial, both Munich), Florian Jeske (Employment, Hamburg), Dr Thorsten Ammann (IT, Cologne), senior associates Philipp Meyer, Kristin Vogt-Schories (both Corporate/M&A), Natalie-Dilan Yerlikaya, Elena Vadolas (both Finance, all Frankfurt), Andreas Rüdiger (Data Protection, Cologne), Patrick Reuter (Finance, Frankfurt), Raffaella Rusin (Tax, Munich), associates Greta Müller (Real Estate, Frankfurt), Julia Goetzendorff (Antitrust), Svenja Mayer, Dr Deborah Fink (both Public Commercial Law), Dr Philipp Adelberg (Data Protection), Yannick Aaron Zirnstein, Verena Reichstein (all IT), Alena Herkenrath (Patent Law/Life Sciences, all Cologne), Ilgin Ayhan (Finance, Frankfurt) and David Sanchio Schele (Data Protection, Hamburg).