News Releases

Vyaire Medical Delivers on Commitment, Completes Ventilation and Respiratory Diagnostics Business Unit Sales

November 21, 2024

CHICAGO, November 21, 2024 —  Vyaire Medical has completed the sales of its Ventilation and Respiratory Diagnostics Business Units to ZOLL Medical Corporation and Trudell Medical Limited, respectively. Additionally, Vyaire received approval of its Chapter 11 wind down plan by the Bankruptcy Court. “Vyaire has delivered on our commitment to sell our business units to buyers who can support the growth and development of the product portfolios while minimizing disruption to employees, customers, and patients,” said John Bibb, Group Chief Executive Officer, Vyaire Medical. “Our team has worked tirelessly to preserve our 70-year history of pioneering breathing technology and we will continue to work closely with ZOLL and Trudell Medical towards a smooth transition in the months to come.” Vyaire filed for Chapter 11 protection in June 2024 and obtained debtor-in-possession financing to continue business operations while marketing its business units to a variety of interested parties, including capable industry participants. At the time of the filing, Vyaire’s management team committed to execute going concern sales of the business units and avoid any Bankruptcy liquidation process that would threaten to disrupt the supply of critical Vyaire medical devices to vulnerable populations. “With the protection of the Chapter 11 process, we obtained the financing needed to continue operations and maintain service to customers and patients while preserving a majority of our workforce,” Bibb added. “We are pleased with the outcome of this sale process, which secured product and service continuity for customers and patients around the world. The sales also provide exceptional opportunities for more than 750 Vyaire employees who transferred with the businesses.” The Bankruptcy Court approved Vyaire’s Chapter 11 wind down plan on November 14, 2024. The remaining Vyaire Medical estate will now be wound down globally as Vyaire Medical, Inc. and several of its affiliates complete the Chapter 11 bankruptcy process. _________________________________ About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 70-year history of pioneering breathing technology, the integrated solutions offered by the company’s Ventilation and Respiratory Diagnostics (RDx) businesses help enable, enhance, and extend lives. Vyaire products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide.

Vyaire Medical Completes Transaction with Trudell Medical Limited

November 13, 2024

CHICAGO, November 13, 2024 —  Vyaire Medical today announced that it has completed the sale of the Vyaire Respiratory Diagnostics (RDx) Business Unit and its products to Trudell Medical Limited.  “The sale allows the RDx Business Unit to move forward with a mandate to continue to serve our customers and patients with industry-leading respiratory diagnostics,” said Will Throp, CEO, RDx. “Trudell Medical has been an outstanding partner for Vyaire RDx in Canada and has clearly aligned values, making it a great fit for our team and products.”   The Trudell Medical Group of companies has been in operation for over 100 years. They deliver innovative medical devices and services to patients and healthcare professionals in over 110 countries. Under the terms of the agreement, Trudell Medical acquired the RDx product portfolio and existing inventory, along with associated consumables, service parts, accessories, and service program offerings. Throp added, “Vyaire and Trudell Medical will work together closely to ensure a smooth transition for our team members, customers, and partners.” The sale to Trudell Medical follows the sale of the Vyaire Ventilation Business Unit to ZOLL Medical Corporation. Following the sale of the RDx Business Unit, the Vyaire Medical estate will be wound down as part of the Chapter 11 bankruptcy process. _________________________________ About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 70-year history of pioneering breathing technology, the integrated solutions offered by the company’s Ventilation and Respiratory Diagnostics (RDx) businesses help enable, enhance, and extend lives. Vyaire products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide.

Vyaire Medical Completes Transaction with ZOLL Medical Corporation

October 14, 2024

CHICAGO, October 14, 2024 — Vyaire Medical today announced that it has completed the sale of the Vyaire Ventilation Business Unit to ZOLL Medical Corporation, a global leader in acute critical care and related software and diagnostic tools. Certain Ventilation assets were not included in the sale to ZOLL. "We are pleased to deliver on our commitment to sell our Ventilation Business Unit to a well-capitalized buyer who can support the growth and development of the Vyaire Ventilation product portfolio,” said John Bibb, Group Chief Executive Officer, Vyaire. “Vyaire will continue to work closely with ZOLL to ensure a smooth transition for our team members, customers, and partners". Under the terms of the agreement, ZOLL acquired the bellavista™, fabian™, LTV™, and 3100 HFOV product lines, along with associated consumables, service parts, accessories, and service program offerings. ZOLL also acquired Vyaire’s existing inventory of AVEA™, ReVel™, SiPAP, and VELA™ ventilators and (“legacy products”) but did not acquire the associated product lines. The sale to ZOLL does not include Vyaire MicroBlenders or the iX5™ ventilator product line and associated operations, which are being marketed to other interested bidders. Vyaire continues to fully manage its RDx business and products, with full support to customers. The company anticipates closing the sale of its RDx Business Unit to Trudell Medical Limited in the coming weeks. As of October 14, 2024, all adverse incidents, product complaints, or quality problems experienced with the use of the legacy products must be reported directly to the FDA’s MedWatch Adverse Event Reporting program either online or by phone at 1-888-463-6332.  Resolution of active service agreements on legacy ventilators that are now discontinued will be through the Claims process. For more information about claims process, please visit the case website at https://omniagentsolutions.com/vyaire. _________________________________ About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 70-year history of pioneering breathing technology, the integrated solutions offered by the company’s Ventilation and Respiratory Diagnostics (RDx) businesses help enable, enhance, and extend lives. Vyaire products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide. Article was updated on October 30 to include more information related to Vyaire legacy products and reflect changes related to Vyaire MicroBlenders.

Vyaire Medical to Sell Respiratory Diagnostics Business Unit to Trudell Medical Limited

September 4, 2024

CHICAGO, September 4, 2024— Vyaire Medical has entered into a definitive agreement with Trudell Medical Limited for the sale of the Vyaire Respiratory Diagnostics (RDx) Business Unit and its products. The agreement, which was approved by the US Bankruptcy Court for the District of Delaware, ensures the continuation of service to Vyaire RDx customers. Vyaire and Trudell Medical now begin work to close the transaction. “This agreement is an important step in delivering on our commitment to sell our RDx Business Unit to a well-capitalized buyer who can support the growth and development of the Vyaire RDx product portfolio,” said John Bibb, Group Chief Executive Officer, Vyaire. “Trudell Medical has the right experience and business structure to support the growth and development of our product portfolio and continue delivering for our customers and their patients.” The Trudell Medical Group of companies is a family-owned company that has been in operation for over 100 years. They deliver innovative medical devices and services to patients and healthcare professionals in over 110 countries. “Since establishing the market 70 years ago under Erich Jaeger’s leadership, Vyaire RDx has been a global leader in the Pulmonary Function Testing space,” added Will Throp, Chief Executive Officer, Vyaire RDx. “For nearly a decade of this legacy, Trudell have been an outstanding distribution partner for Vyaire RDx in Canada and a supplier of key products. “This well-established relationship serves as a firm foundation for Vyaire RDx to become part of the Trudell family, which has clearly aligned values and shared business objectives built on placing the customer and our employees at the heart of all we do. The entire RDx team are excited about the next stage of our journey as we continue to deliver innovative, market leading products to our customers around the world.” Vyaire anticipates closing the transaction in the coming weeks. Until then, Vyaire will continue to fully manage its RDx business and products, with full support to customers, and will work to ensure continuity for partners and suppliers. _________________________________ About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 70-year history of pioneering breathing technology, the integrated solutions offered by the company’s Ventilation and Respiratory Diagnostics (RDx) businesses help enable, enhance, and extend lives. Vyaire products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide. The Vyaire RDx vision is to be the foremost global leader in respiratory diagnostics, providing customers in over 100 countries with innovative and integrated solutions that improve patient lives. Learn more about Vyaire RDx.

Vyaire Medical to Sell Ventilation Business Unit to ZOLL Medical Corporation

September 4, 2024

CHICAGO, September 4, 2024 — Vyaire Medical has entered into a definitive agreement with ZOLL Medical Corporation related to the sale of the Vyaire Ventilation Business Unit. The transaction has received approval from the US Bankruptcy Court for the District of Delaware, and the parties will now work to close the transaction in the coming weeks. “This agreement is an important step in delivering on our commitment to sell our Ventilation Business Unit to a well-capitalized buyer who can support the growth and development of the Vyaire Ventilation product portfolio,” said John Bibb, Group Chief Executive Officer, Vyaire. “Vyaire and ZOLL have aligned values and shared business objectives built on improving patient outcomes and helping save lives.”  ZOLL is a global leader in acute critical care and related software and diagnostic tools. ZOLL medical devices, software, and related services are used worldwide to diagnose and treat patients suffering from serious cardiopulmonary and respiratory conditions. “ZOLL’s mission and values are a great fit for the Vyaire Ventilation team and portfolio,” added Tammy Noll, Chief Executive Officer, Vyaire Ventilation. “ZOLL has the right experience and business structure to support the future of Vyaire Ventilation while we continue delivering for our customers and their patients.” Vyaire anticipates closing the transaction in the coming weeks. Until then, Vyaire will continue to fully manage its Ventilation business and products, with full support to customers, and will work to ensure continuity for partners and suppliers. The sale to ZOLL does not include the iX5™ product line and associated operations, which Vyaire will continue to market to other interested bidders. _________________________________ About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 70-year history of pioneering breathing technology, the integrated solutions offered by the company’s Ventilation and Respiratory Diagnostics (RDx) businesses help enable, enhance, and extend lives. Vyaire products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide. Vyaire Ventilation is committed to delivering the right therapy to every patient in all respiratory care settings with the express purpose of enhancing medical outcomes. Learn more about Vyaire Ventilation.  

Vyaire Medical Files for Chapter 11 Protection, Markets Business Units for Sale

June 10, 2024

Chicago, June 10, 2024 – Vyaire Medical today announced Vyaire Holding Company and certain of its subsidiaries (Vyaire) have filed for Chapter 11 protection in the United States in order to obtain sufficient financing to continue business operations while Vyaire markets its business units for a value-maximizing sale. This decision follows below-plan performance in the first half of the financial year, which frustrated efforts to refinance company debt. “Chapter 11 protection will offer us the breathing room we need to explore selling our businesses to capable, well-financed buyers that have the financial ability and stability to execute on the Respiratory Diagnostics (RDx) and Ventilation business strategies delivering our vital products to customers and patients in need,” said John Bibb, Group Chief Executive Officer, Vyaire. “Our lenders continue to support our business, and we are working together to go through this process with as little disruption as possible to our customers and trusted partners.” Vyaire remains open for business and, upon court approval, will have post-petition financing in hand to continue operations while in Chapter 11. In the coming months, the company will focus on: Supporting the continuity of services to customers and honoring commitments to partners and employees, while complying with the terms of the US Bankruptcy Code. Selling Vyaire business units to stable, well-capitalized buyers that will support the growth and development of our RDx and Ventilation portfolios. “We remain committed to the success of our customers, our partners, and our employees and will continue to live out our core values in the work we do,” Bibb added. "Our plan is to maintain the team needed to operate safely and deliver effective healthcare solutions."  The Chapter 11 filing only applies to Vyaire operations in the US and one non-operational international holding company. For more information, please visit the Vyaire case website: https://omniagentsolutions.com/Vyaire. _________________________________ Vyaire remains open for business and we are committed to our partnership with you. While in Chapter 11, we will continue to serve our customers and maintain the team needed to operate safely and efficiently. Our products remain available for purchase and our team remains available to assist you and your team. Standard regional limitations, outlined below, still apply. About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 70-year history of pioneering breathing technology, the integrated solutions offered by the company’s Ventilation and Respiratory Diagnostics (RDx) businesses help enable, enhance, and extend lives. Vyaire products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide.

Vyaire Medical Appoints John Bibb as Group Chief Executive Officer

May 24, 2023

CHICAGO, May 24, 2023—Vyaire Medical today announced that its Board of Directors has appointed medical device veteran John Bibb as Group Chief Executive Officer, effective immediately. Bibb has more than 20 years of experience in the medical device industry and most recently led Vyaire as Chief Legal Officer and Secretary, Human Resources. John has worked directly with Apax for more than ten years and has extensive experience advising public and private boards of directors on quarterly operational performance, material transactions and other business matters. He played a critical role in executing the recent sale of the Vyaire Consumables business to SunMed.  "We are delighted to have someone of John's caliber take the helm at Vyaire," said Steven Dyson, Partner at Apax. “John is a strong, transformational leader with two decades of medical device experience and a track record of success within the Vyaire organization. He is perfectly positioned to execute on our ambitious vision for the business.” Prior to joining Vyaire, Bibb served as Executive Vice President, General Counsel and Chief Human Resources Officer at Acelity. In more than 15 years at Acelity, he led many key business initiatives in legal, HR, commercial partnerships, joint ventures, mergers and acquisitions, and the efficient delivery of shared services to multiple business units. Bibb joined Vyaire in September 2021. “Vyaire remains focused on delivering to our customers and accelerating the strategic growth plans for our pioneering Respiratory Diagnostics and Ventilation business units,” said Bibb. “I will work closely with the leaders of the Respiratory Diagnostics and Ventilation business units to meet customer needs, build on our market leadership and create value for our employees and shareholders.” Following the sale of the Vyaire Consumables business in early May, the company established two distinct business units with dedicated teams specializing in each industry-leading portfolio. The Vyaire leadership team will ensure cohesion across business units with a focus on efficient and effective service delivery to customers and business partners. About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 65-year history of pioneering breathing technology, the company’s portfolio of integrated solutions is designed to enable, enhance and extend lives. At Vyaire, we pledge to advance innovation and evolve what's possible to ensure every breath is taken to its fullest. Headquartered in suburban Chicago, Vyaire is recognized, trusted and preferred by specialists throughout the respiratory community worldwide.

Vyaire Medical Completes Sale of Consumables Business to SunMed

May 1, 2023

CHICAGO, May 1, 2023—Vyaire Medical today announced that it has completed the sale of the Vyaire consumables business to SunMed, a leading North American manufacturer and distributor of consumable medical devices for anesthesia and respiratory care. “We are pleased with the prompt closing of this transaction, which enables Vyaire to prioritize our pioneering respiratory diagnostics and ventilation businesses,” said Gaurav Agarwal, chief executive officer, Vyaire. “As we take this step forward in the Vyaire journey, our team remains focused on delivering for our customers and achieving our strategic plan.” Under the terms of the agreement, which were not disclosed, SunMed will acquire the Vyaire consumables business, which encompasses leading airway management and operative care technology.   Vyaire remains committed to its mission to empower the global respiratory community to enrich patients’ quality of breathing throughout their lives. About Vyaire Medical Vyaire Medical Inc. is a global company focused exclusively on supporting breathing through every stage of life. Established from legacy brands with a 65-year history of pioneering breathing technology, the company’s portfolio of integrated solutions is designed to enable, enhance and extend lives. At Vyaire, we pledge to advance innovation and evolve what's possible to ensure every breath is taken to its fullest. Headquartered in suburban Chicago, Vyaire is recognized, trusted and preferred by specialists throughout the respiratory community worldwide.

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Vyaire Medical Completes Business Unit Sales

Vyaire has completed transactions with ZOLL Medical Corporation and Trudell Medical Limited.

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