Respiri Limited Expands US Market Reach with Orb Health Acquisition

Tip Ranks
2025.01.20 22:41
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Respiri Limited has acquired Orb Health to enhance its presence in the US connected and chronic care market. This strategic move aims to accelerate market commercialization, achieve operational cost savings, and improve service offerings. Nicholas Smedley has transitioned to Non-executive Chairman as part of the company's restructuring. Respiri specializes in medical devices, particularly the wheezo® device for respiratory disorder detection. The company's current market cap is $62.96M, with a year-to-date price performance of -13.46%.

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Respiri Limited ( (AU:RSH) ) just unveiled an announcement.

Respiri Limited has completed the acquisition of Orb Health, marking a strategic move to enhance its presence in the connected and chronic care health market in the United States. This acquisition not only accelerates Respiri’s market commercialization efforts but also results in significant operational cost savings and improved service offerings, benefiting both existing and potential clients. Additionally, the company has undergone restructuring, with Nicholas Smedley transitioning to Non-executive Chairman, signaling a focused push into the US market.

More about Respiri Limited

Respiri Limited is a leading company in the healthcare industry, specializing in medical devices and MedTech. It focuses on transforming healthcare delivery in the US by offering innovative solutions for chronic disease management. Their flagship product, the wheezo® medical device, is an FDA-approved tool for respiratory disorder detection, highlighting their expertise in remote healthcare solutions.

YTD Price Performance: -13.46%

Average Trading Volume: 253,500

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $62.96M

Find detailed analytics on RSH stock on TipRanks’ Stock Analysis page.

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