New Sleep Joint Venture

SAN DIEGO and SAN FRANCISCO (July 11, 2018)—ResMed a provider of sleep apnea treatment and connected health solutions, and Verily, an Alphabet company, announced their agreement to form a new joint venture. The U.S.-based joint venture will study the health and financial impacts of undiagnosed and untreated sleep apnea, and develop software solutions that enable health care providers to more efficiently identify, diagnose, treat and manage individuals with sleep apnea and other breathing-related sleep disorders. “The vast majority of people with sleep apnea don’t realize they have it, and therefore don’t seek accessible, effective treatment to mitigate its effects and long-term health risks,” said ResMed Chief Medical Officer Carlos M. Nunez, M.D. “The combined industry expertise, scalable infrastructure, and data analytics capabilities of ResMed and Verily can unlock meaningful ways to identify these individuals and support their journey to improved sleep, health and quality of life.” “Approaching a widespread health problem such as sleep apnea through collecting, organizing and activating health data is central to Verily’s mission,” said Jessica Mega, M.D., M.P.H., chief medical and scientific officer at Verily. “By better identifying at-risk individuals as well as generating real-world evidence regarding the value and effectiveness of treatment, this collaboration has the potential to improve outcomes for millions of people living with sleep apnea, and potentially other related conditions.” The joint venture, subject to customary closing conditions, including regulatory approvals, will operate as a separate venture from ResMed and Verily. Visit resmed.com and verily.com for more information.