VIASYS Healthcare Inc. Acquires Assets Of Hoffman Laboratories

Conshohocken, PA - VIASYS Healthcare Inc. ("VIASYS") and Hoffman Laboratories, LLC, announced recently that VIASYS has acquired the assets of Hoffman Laboratories, LLC - a company that develops products targeted to the sleep therapeutic market.

Randy Thurman, Chairman, President and Chief Executive Officer, VIASYS Healthcare Inc., commented, "With this acquisition, VIASYS is increasing its presence in the global sleep therapy market. We believe sleep therapy is the fastest growing market segment in the global respiratory market. VIASYS is already a market leader in the sleep diagnostics business, with well established brands such as Jaeger™ and SENSORMEDICS®. We expect that Hoffman Laboratories' expertise in CPAP and noninvasive ventilation design will enhance the VIASYS global product offering. We believe this acquisition is a key step following the establishment earlier this year of the VIASYS Sleep Diagnostics and Therapy business as a separate operating entity focused on this opportunity."

Based in Chatsworth, CA, Hoffman Laboratories designed, manufactured, marketed, and sold Continuous Positive Airway Pressure (CPAP) devices and patient interfaces. Hoffman Laboratories offered home health care providers and sleep diagnostics laboratories the BreatheX®, the first self-contained, battery-powered, "wearable CPAP." BreatheX® represents a truly innovative, portable solution to meet the needs of patients receiving treatment for Obstructive Sleep Apnea.

Ed Pulwer, Group President, VIASYS Respiratory Care, commented, "We believe that the acquisition of Hoffman Laboratories and the strength of its CPAP device technology is an outstanding compliment to our acquisition earlier this year of Tiara Medical Systems. We believe that we have brought together companies with VIASYS that have extensive expertise in the development of core technologies essential to CPAP devices, noninvasive ventilators, portable ventilators and patient interfaces. The Hoffman acquisition demonstrates VIASYS Respiratory Care's commitment to expand its presence in the sleep therapy market and maintain its leadership position in the mechanical ventilation market. Rebecca Mabry, General Manager, Sleep Diagnostics and Therapy, will be responsible for managing the acquired business."

Under the terms of the acquisition agreement, VIASYS acquired the assets of Hoffman Laboratories, LLC, through its subsidiary, VIASYS Sleep Solutions LLC. VIASYS financed the acquisition with cash and borrowings under its revolving credit facility. Additional terms of the transaction are not being disclosed at this time.

SOURCE: VIASYS Healthcare Inc.