PBM Capital Group
Acquisition of BREAS Medical AB from
|Date Announced:||February 2014|
PBM Capital Group, LLC. is a private investment firm primarily focused on healthcare investments. Led by Paul Manning, a successful entrepreneur, we invest across all stages of corporate development– including venture capital, leveraged buyouts, growth capital, distressed/turnaround and public equity value investing– and create value by applying extensive industry knowledge and contacts, providing superior operational expertise and bringing entrepreneurial spirit to attractive investment opportunities.
Breas Medical AB was founded in Gothenburg, Sweden, in 1991, and was acquired by GE Healthcare in 2008. Breas product development is focused on home care ventilation and sleep therapy products. Products are sold directly through Breas and a global network of distributors. Breas has a solid pipeline of products in development and will introduce its Vivo 50 ventilator in the United States this quarter.
Convergence, through its long-standing relationship with GE Healthcare, identified the BREAS opportunity for PBM. PBM intends to leverage BREAS commercial infrastructure with the launch of its new HDM sleep apnea platform. Convergence worked with Sean Stalfort and Damian deGoa at PBM on process and structuring considerations leading to the eventual acquisition of the BREAS business from GE Healthcare.