This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SleepMed And Watermark Medical Merge To Deliver Integrated Sleep Care Management To Millions Of Americans Suffering From Sleep Disorders

WEST PALM BEACH, Fla. and COLUMBIA, S.C., April 11, 2013 /PRNewswire/ -- SleepMed, Inc., the largest private sleep diagnostics and therapy provider and Watermark Medical, the leading home sleep technology services company for the diagnosis and treatment of sleep breathing disorders, announce the merger of their companies. Operating under the SleepMed name, the united strengths of SleepMed and Watermark Medical combine to establish a business uniquely poised to address the sleep issues affecting millions of Americans and establish the first national high performing sleep health system.

The merger of SleepMed and Watermark Medical is an important development for the future of the sleep industry and the delivery of sleep related services. Utilizing Watermark's leading edge technology enabled platform and Enterprise relationships and SleepMed's stellar team of sleep experts and hospital partners, the new SleepMed will address the issues associated with the diagnosis and treatment of the widespread sleeping disorders in the U.S.  

Through its combined current annual patient population of over 200,000 patients and its estimated 15,000 independent physician and hospital network partners, the new SleepMed will offer sleep services (i.e. patient engagement integration tools and patient "wellness" products) focused on improving quality sleep via an integrated health-systems company that delivers a continuum of sleep care. As sleep health is a part of a patient's overall health profile, the new SleepMed will embrace and support "Community Sleep Management."  This encourages local expertise, diagnostic pathways and appropriate therapy coordinated by SleepMed.  SleepMed University educational and clinical activities will advance sleep awareness to physicians, employers, other providers, and the general population throughout these healthcare "Sleep Communities."

"Healthcare is changing rapidly and wellness-oriented technology drives efficiencies that will promote the cost-effective solutions that will be adopted and will lower healthcare costs in the coming years," said John Sculley, Chairman. "Sleep disorders continue to be grossly underdiagnosed. The new SleepMed organization will help Americans achieve optimized sleep treatment for life by facilitating care that is accessible, appropriate, and effective."

It is estimated that approximately 40 million Americans suffer from sleep breathing disorders, and recent estimates show that one in five Americans sleep less than six hours per night. If sleep deprivation is ongoing and persistent, it can lead to an increased risk for serious, chronic health problems, such as obesity, diabetes, and heart disease. For example, obstructive sleep apnea (OSA), a life-threatening condition in which breathing stops and then restarts re-currently during sleep, affects approximately 20 million Americans, but is often undiagnosed and untreated. The sleep disorder management industry is estimated to be a $24 billion a year industry.

"Bringing SleepMed and Watermark Medical together represents a dramatic shift in the sleep business and underscores the radical, disruptive change technology is bringing to healthcare today," said Sean Heyniger, CEO. "The new SleepMed will emphasize the delivery of patient-centered quality based sleep services through an integrated offering unmatched in the industry. The ability to integrate the use of technology to improve diagnostic outcomes coupled with the expertise to manage and track patient compliance to the appropriate treatment is the future of sleep medicine."

Increasingly, large employer and insurance companies are recognizing the important role sleep plays in overall health, considering appropriate corporate sleep policies, and evaluating testing and treatment options that are both effective and economic. The sleep disorder management industry is expected to grow significantly as the relationship of patient sleep quality to overall health and wellness is further understood.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs