Zoll Medical is Kyma’s $35M Mystery Suitor
CHELMSFORD, Mass.--(BUSINESS WIRE)--ZOLL Medical Corporation, an Asahi Kasei Group company that manufactures medical devices and related software solutions, today announced that it has acquired Tel Aviv, Israel-based Kyma Medical Technologies, Ltd., which develops technologies to measure early signs of congestive heart failure.
Currently, Kyma is developing a remote patient monitoring system for fluid management in a variety of patients including those suffering from heart failure. This µ-Cor System uses radio frequency-based technology to monitor the level of fluid in the lungs. It also collects data on heart rate, respiration rate, activity, and posture, all of which are analyzed using proprietary algorithms to determine patient-specific vital signs trends. Once a potential deterioration in the patient’s condition is identified, a notification is sent to the patient’s medical team.
“The acquisition of Kyma Medical will allow ZOLL to broaden its product offerings with additional technologies designed to improve outcomes for heart failure patients with fluid management problems, with the goal of reducing hospitalizations,” said Jason T. Whiting, President of ZOLL LifeVest. “With the acquisition, Kyma’s technology will be able to better reach global markets through ZOLL’s existing network. Additionally, we expect to leverage Kyma’s strong R&D capabilities as well as the broader research talent available in Israel.”
“ZOLL provides Kyma with an increased infrastructure of clinical and commercial resources that will enable our technology to reach a greater number of clinicians and patients,” said Murali Srivathsa, Kyma President & CEO. “This agreement gives Kyma the opportunity to become part of a company with a long and sustained commitment to improving patient outcomes.”
“We are very proud of Kyma’s technological achievements and are extremely pleased that ZOLL has decided to acquire Kyma,” said Guy Katsav, Chairman of Kyma. “The strategic and cultural fit between ZOLL and Kyma represents the best opportunity to bring Kyma’s innovative technologies to patients worldwide.”
In January 2015, Kyma announced that it had received CE Mark approval for the µ-Cor System for monitoring thoracic fluid content, ECG, heart rate, respiration rate, activity, and posture.
ZOLL plans to maintain Kyma’s facilities and workforce in Israel and California as a part of ZOLL’s LifeVest division.
About Kyma Medical Technologies
Founded in 2008, Kyma Medical is dedicated to the development and commercialization of innovative patient monitoring solutions. The company has developed a proprietary technology for the detection and monitoring of changes in fluid contents, using a proprietary RF-based technology. For more information, visit kyma-med.com.
About ZOLL Medical Corporation
ZOLL Medical Corporation, an Asahi Kasei Group company, develops and markets medical devices and software solutions that help advance emergency care and save lives, while increasing clinical and operational efficiencies. With products for defibrillation and monitoring, circulation and CPR feedback, data management, fluid resuscitation, therapeutic temperature management, and ventilation, ZOLL provides a comprehensive set of technologies that help clinicians, EMS and fire professionals, and lay rescuers treat victims needing resuscitation and acute critical care. For more information, visit www.zoll.com.
About Asahi Kasei
The Asahi Kasei Group is a diversified group of companies led by holding company Asahi Kasei Corp., with operations in the chemicals and fibers, homes and construction materials, electronics, and health care business sectors. Its health care operations include devices and systems for acute critical care, dialysis, therapeutic apheresis, transfusion, and manufacture of biotherapeutics, as well as pharmaceuticals, diagnostic reagents, and nutritional products. With more than 30,000 employees around the world, the Asahi Kasei Group serves customers in more than 100 countries. For more information, visit www.asahi-kasei.co.jp/asahi/en/.
Copyright © 2015 ZOLL Medical Corporation. All rights reserved. Kyma, µ-Cor, and ZOLL are trademarks or registered trademarks of ZOLL Medical Corporation in the United States and/or other countries. Asahi Kasei is a registered trademark of Asahi Kasei Corporation. All product names are the property of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150916006081/en/
Contact:
ZOLL Medical Corporation
Diane Egan, +1 978-421-9637
degan@zoll.com
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