Asahi Kasei-backed ZOLL Medical completed the acquisition of Itamar Medical for $538m.

Asahi Kasei-backed ZOLL Medical, a provider of medical devices and related software solutions, completed the acquisition of Itamar Medical, a medical device and digital health company, for $538m. "ZOLL Medical is committed to improving outcomes for underserved patients suffering from serious cardiopulmonary conditions. It is currently estimated that 60% of cardiovascular patients suffer from some form of sleep apnea, and the majority of these patients go undiagnosed. The combination of ZOLL Medical and Itamar Medical will help more patients receive diagnosis and treatment for sleep-disordered breathing. We look forward to helping strengthen the collaboration between the worlds of cardiology and sleep medicine," Jon Rennert, ZOLL Medical CEO.