WATERLOO, Iowa—VGM Group Inc. announced the acquisition of SleepGlad, a sleep technology solutions provider. The acquisition aims to enhance VGM Group's portfolio in sleep technology solutions.
“Technology continues to define the future of health care, and I’m proud VGM is leading the charge,” said Jeremy Stolz, CEO of VGM Group. “SleepGlad is a perfect addition to the diversified VGM family of businesses. It utilizes leading edge technology to support providers and improve patient outcomes. That’s why VGM is here. We’re committed to investing in solutions that help providers focus on what they do best—providing the highest quality care for patients.”
SleepGlad, a cloud-based 3D mask fitting platform for positive airway pressure and noninvasive ventilation, intends to scan and measure patients remotely through a smartphone or camera-enabled device. SleepGlad aims to provide a manufacturer-agnostic recommendation for the ideal mask fit. The SleepGlad team—except for David Baxter, president of Baxter Technologies—will continue to operate under VGM’s ownership.
"I am confident that SleepGlad's future is bright with VGM Group,” Baxter said. “The SleepGlad team is committed to ensuring a smooth transition and maintaining the high standards of service that our customers have come to expect. Although I am stepping away from the company, I remain committed to supporting the (durable medical equipment) industry and exploring new technologies. SleepGlad's innovative spirit and dedication to improving sleep health will continue to thrive with VGM Group.”
VGM plans to debut its SleepGlad services, along with a suite of provider-focused sleep solutions, at Medtrade in February, booth #701.