An Exit for an Astia Portfolio Company: Ciel Medical acquired by Vyaire Medical
Yahoo Finance, April 20, 2017
Vyaire Medical Acquires Ciel Medical
Vyaire Medical, Inc., the healthcare industry’s largest pure-play “breathing” company, today announced it has acquired Ciel Medical, Inc., of San Carlos, CA., a medical device company focused on solving unmet needs of medical professionals caring for intubated patients.
Ciel Medical has developed innovative technologies that will strengthen Vyaire’s strategy to offer products that can help reduce the incidence of Ventilator Acquired Pneumonia for ventilated patients. Ventilator Acquired Pneumonia costs the U.S. healthcare system billions of dollars annually and Vyaire is committed to reducing overall costs of care while improving patient outcomes.
Vyaire management sees the acquisition of Ciel Medical as a step toward the company’s stated goal of becoming the global leader in the respiratory care market.
This exit marks Astia Angels’ first in its portfolio.