Compumedics signs strategic partnership with Health 100 for Somfit sleep technology

Compumedics entered a framework agreement with Health 100 to form a joint venture for commercializing the Somfit sleep monitoring platform in China. Compumedics will receive A$11.3 million upfront, and Health 100 will purchase 1 million Somfit devices over two years after CFDA approval, generating at least A$133 million in revenue.

“Compumedics to enter Joint Venture with Health 100 – a leading China-based premium health-check organisation.”compumedics.com.au

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• compumedics.com.auCOMPUMEDICS SIGNS MAJOR STRATEGIC PARTNERSHIP DEAL WITH CHINA-BASED HEALTH 100 FOR SOMFIT SLEEP TECHNOLOGY – CompumedicsMay 31, 2018

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