Trace Medical Acquires Majority Stake in LiViliti Health Products Following FDA Clearance of Paptizer 360

WHITMORE LAKE, Mich. & SARASOTA, Fla.--(BUSINESS WIRE)--Trace Medical, a national leader in advanced respiratory rentals and biomedical services, announced that it has acquired a majority interest in LiViliti Health Products, Inc. The acquisition follows LiViliti receiving 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Paptizer 360 classified as a Class II Respiratory Accessory Microbial Reduction Device for CPAP equipment.

The majority acquisition builds upon the existing strategic investment between the two organizations, aligning Trace Medical’s expansive nationwide distribution network, biomedical servicing infrastructure, and provider reach with LiViliti’s clinical-grade respiratory hygiene technology.

"Partnering with Trace Medical under a majority acquisition provides us with the scale, logistical expertise, and distribution power necessary to make this technology accessible across the continuum of care," said Brian Sharpe, CEO and founder of LiViliti Health Products.

"LiViliti has demonstrated exceptional innovation in patient safety, equipment hygiene, and therapy adherence," stated Greg Apostolou, CEO of Trace Medical. "Together, we are raising the standard of care for CPAP users and healthcare systems nationwide."

About Trace Medical

Founded in 2004, Trace Medical is the national leader in advanced respiratory rentals and biomedical services throughout the continuum of care, including skilled nursing facilities, rehabilitation facilities, hospice, and HME providers.

For more information, visit www.tracemedical.com.

About LiViliti Health Products

Founded in 2019 and headquartered in Sarasota, Florida, LiViliti Health Products is an innovator of CPAP and respiratory accessories dedicated to improving the everyday experience of therapy users through hygiene, comfort, and compliance solutions.

For more information, visit www.liviliti.com.