ORLANDO, Fla.--(BUSINESS WIRE)--In a strategic move to further revolutionize care for the more than 100 million patients with chronic respiratory diseases and deliver the industry’s first virtual care platform for respiratory illness, AireHealth Inc. today announced it has reached a merger agreement with BreathResearch, a respiratory healthcare company that detects increasing declines in respiratory health status. AireHealth adds to its capabilities all of BreathResearch’s assets including employees, intellectual property, research, published works, and patents related to respiratory drug delivery, medication adherence, and analysis of breathing sounds using machine learning and artificial intelligence (AI). With this acquisition, Nirinjan Yee, BreathResearch's Founder, is named AireHealth’s Head of Innovation. AireHealth now adds a physical presence in Silicon Valley, CA. Financial terms were not disclosed.
Following the acquisition, the combined entity will operate as AireHealth and address the growing challenges in respiratory illness that cost more than $130 billion per year as well as cause 49.2 deaths per 100,000 people. The VitalBreath virtual care platform will empower patients, caregivers, and clinicians to be more informed and collaborative in respiratory care, enabling faster response to exacerbations and translating to fewer emergencies and fewer hospitalizations.
When AireHealth Co-Founders Stacie Ruth and Jason Eichenholz, PhD discussed how to create significant value for the business and help as many people as possible receive improved respiratory care at home, they agreed to be bold leaders in the face of the rapidly changing healthcare landscape. “We decided that our plan was to accelerate the AireHealth journey into respiratory digital therapeutics by acquiring a company that will help us save lungs and lives, and that company is BreathResearch,” says CEO Stacie Ruth.
VitalBreath brings together connected devices for drug delivery and respiratory measurement, lung health scoring backed by 35 clinically validated biomarkers, patient-centered apps, and therapy adherence tracking. By tracking symptoms, status, decline, interventions and outcomes, AireHealth can build data sets for clinical benchmarks, improve early detection of respiratory diseases and reduce high costs.
“I am very pleased to see our years of research and development in respiratory diagnostics and artificial intelligence come together with AireHealth’s medication delivery and adherence as an integrated platform that can address the unmet needs and gaps in respiratory care,” says Nirinjan Yee. “In becoming a part of AireHealth, we marry our respective intellectual property into one very powerful portfolio that will undoubtedly yield important and impactful technology innovation for many years to come.”
Since its inception, AireHealth has embraced the continued shifts in the medical device industry that have opened up new opportunities in digital health, and the acquisition of BreathResearch paves the way for AireHealth’s further transformation towards the digital therapeutics market.
AireHealth is an innovative digital health company empowering and improving healthy living through affordable treatments, symptom tracking and early detection of respiratory conditions. With strong IP and clinically validated products in our pipeline, the company enables more proactive care and early interventions to improve outcomes and reduce costs.
The company provides monitored drug delivery via its FDA cleared Class 2 portable nebulizer, designed to deliver medicine directly to a patient’s lungs where it is most effective. AireHealth’s virtual care platform, VitalBreath powered by BreathResearch, allows for early detection of respiratory decline with the addition of respiratory testing and vital signs. The result is that patients not only take a more proactive approach to managing their respiratory care, but a faster response to exacerbations, fewer emergencies and fewer hospitalizations, which helps achieve their goal of improving treatment outcomes and lowering costs. For more information, please visit Aire.Health.
BreathResearch is an innovative healthcare company with a mission to improve healthy living through affordable tracking and early detection of respiratory ailments and diseases. Our respiratory research has resulted in the authoring of seven innovative patents and has allowed us to develop a modern portable spirometer. By converting the airwaves from your breathing into sound waves in conjunction with measuring lung flow volumes, we have the ability to leverage acoustic analytics and artificial intelligence coupled with machine learning to provide profound data insights to detect anomalies and manage your respiratory health. Our solution can be either standalone or integrated into other respiratory devices and equipment, allowing considerable versatility with regard to how healthcare professionals and providers leverage the data.