SAN DIEGO – ResMed Inc announced results for its quarter ended Dec 31, 2018.
Second Quarter 2019 Highlights
- Revenue increased 8% to $651.1 million; up 9% on a constant currency basis
- Gross Margin expanded 70bps to 58.9%
- Net operating profit increased 8%; non-GAAP operating profit up 15%
- GAAP diluted earnings per share of $0.86; non-GAAP diluted earnings per share of $1.00
“We had a solid quarter with top-line growth and gross margin expansion, as well as continued fiscal discipline to drive leverage and improved operating profit,” said Mick Farrell, ResMed’s CEO. “Our new AirFit F30 and AirFit N30i masks have been launched in many markets, and mask sales are growing well globally. During the quarter we further expanded our software and device ecosystems, through the acquisitions of MatrixCare and Propeller Health, to provide digital health solutions to millions more people worldwide. We are empowering people to live healthier and happier lives where they live, and we are doing this by providing innovative software, services, and solutions to improve outcomes, create efficiencies, and reduce overall healthcare system costs.”
Medtrade Spring Exhibitor Philips Surpasses 10 Million DreamWear Masks and Cushions Sold
AMSTERDAM, NE – Royal Philips announced that the company had sold its 10 millionth DreamWear CPAP mask and interchangeable cushion. As part of the award-winning Dream Family, DreamWear is the only mask frame that accommodates multiple cushions, places the hose on top of the head, and is designed to prevent red marks, discomfort and irritation on the nose bridge. Designed to more efficiently meet provider needs for mask change flexibility, DreamWear is the only modular mask frame system on the market that works interchangeably with nasal, pillow, and full-face cushions.
“The invention of the DreamWear mask was not just an incremental improvement on existing CPAP mask designs, but a generational leap forward in terms of comfort and usability,” said John Frank, business leader of Sleep & Respiratory Care at Philips. “Selling 10 million masks and cushions in just three years is a testament to the popularity of the patient-centric approach to design in health care, in addition to a proof point in the effectiveness of our innovative line of masks.”
NY Times Highlights Sleep Apnea Among Retired NFL Players
ATLANTA – With the Super Bowl coming up on Feb 3, 2019, the New York Times tackled the problem of obesity in retired National Football League (NFL) players. The Jan 17 NY Times article by reporter Ken Belson points out that linemen, in particular, “have higher rates of hypertension, obesity and sleep apnea, which can lead to chronic fatigue, poor diet and even death.”
Belson writes: Former linemen have big necks, and as they age their throat tissue becomes flabby, so their tongues can block their airways, said Anthony Scianni, a dentist who runs the Center for Dental Sleep Medicine, which works with former N.F.L. players. The lack of oxygen, Scianni said, stimulates the body to produce more sugars, which can cause Type 2 diabetes and lead to overeating and other problems.
Belson outlines the case of Derek Kennard, a 12-year pro who played offensive line, as a primary beneficiary of sleep apnea treatment. Kennard has worked closely with the American Sleep & Breathing Academy to lower his AHI from 72 to 2, eventually losing 145 pounds thanks to extra energy from better sleep.
“After his brother died in 2009, Kennard, who is 6-foot-3 and whose weight peaked at 465 pounds, sought help,” Belson writes. “He was tested for sleep apnea and was told he woke 77 times per hour. One episode of not breathing lasted 1 minute 32 seconds. Because he flips in bed as he sleeps, Kennard had trouble wearing the mask of a CPAP machine, which delivers continuous positive airway pressure and is the standard treatment for sleep apnea. He switched to a mouthpiece that kept his airways open. He now wakes just twice an hour, and sleeps about seven hours a night. His weight fell to about 350 pounds, and he stopped taking painkillers.”
Click Here to read The NFL’s Obesity Scourge by Ken Belson.