Latham Advises Hg's Sale Of Software Co. MEDIFOX For $1B
By Najiyya Budaly (June 14, 2022, 2:53 PM BST) -- London-listed Hg Capital said Tuesday that it has agreed to sell its German healthcare technology company MEDIFOX Dan for $1 billion to California-headquartered medical device provider ResMed.
Hg Capital Trust PLC, a private equity company that invests in software, said that it will sell MEDIFOX to ResMed Inc. in a deal that values the German company at approximately $1 billion, inclusive of debt. MEDIFOX, which has more than 600 employees in Germany, provides software to Germany's care and therapy sector.
The terms of the transaction were not disclosed. The deal is subject to closing conditions, the parties said.
Hg said it...
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