DUTCH technology giant Philips has confirmed an agreement to acquire Sydney-based Australian Pharmacy Sleep Services, with the aim of accelerating its home sleep testing offering through the pharmacy channel in Australia.
Australian Pharmacy Sleep Services (APSS) was established in 2011 and offers a sleep apneoa program to pharmacies including screening, home-based sleep studies based on Continuous Positive Airway Pressure (CPAP) therapy, training and services.
APSS supplies all initial training and ongoing support, including trials and sales of CPAP machines.
Financial details weren't revealed, with the deal expected to settle in the second quarter of 2017.
"The retail pharmacy market provides a convenient and central local access point to offer simple and effective sleep screening," said Kevin Barrow, md of Philips Australia and New Zealand.
"With the addition of APSS to our sleep and respiratory care business in Australia, Philips will be able to provide better access to home sleep testing for those who need it, where and when they need it".
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