Summary: Zoll, an Asahi Kasei company, has won the auction to acquire Vyaire Medical’s ventilator business as part of Vyaire’s Chapter 11 bankruptcy proceedings. The acquisition, pending court approval, will enhance Zoll’s respiratory care portfolio. Vyaire Medical has continued operations during bankruptcy without significant disruptions.

Key Takeaways:

  • Zoll’s acquisition of Vyaire’s ventilator business strengthens its respiratory care offerings.
  • Vyaire Medical filed for Chapter 11 but maintained operations during the process.
  • The acquisition is subject to court approval, with completion expected in the coming weeks.

Zoll, an Asahi Kasei company that manufactures medical devices and related software solutions, announced that it is the winning bidder in an auction to acquire Vyaire Medical’s ventilator business as part of Vyaire’s Chapter 11 bankruptcy proceedings.

Completion of the acquisition is subject to court approval at a sale hearing and dependent on a successful closing that is anticipated to occur in the coming weeks.

Vyaire Medical’s Bankruptcy Filing

On June 10, 2024, Vyaire Medical announced it had voluntarily filed for Chapter 11 bankruptcy protection in the U.S. The Chapter 11 filing allowed Vyaire to continue to operate while seeking to sell its business units, including the Vyaire ventilation business. Since filing for bankruptcy, day-to-day operations at Vyaire have continued with little interruption, and Vyaire has continued to serve its ventilator customers and maintain the team needed to operate safely and efficiently.

“Respiratory care has been central to Zoll’s business strategy for many years,” said Jon Rennert, CEO of Zoll. “If the acquisition is successfully completed, adding Vyaire’s ventilators to Zoll’s product portfolio will enhance our ability to serve a broader range of clinicians and patients.”

Until new ownership is final, Vyaire ventilator customers should continue to contact Vyaire.

Zoll’s Expertise in Acute Critical Care

Zoll is a provider of acute critical care and related software and diagnostic tools, and its solutions are used worldwide to diagnose and treat patients suffering from serious cardiopulmonary and respiratory conditions. Since 2014, Zoll has manufactured ventilation devices and accessories designed for the transport of critically ill patients.