Novasom: Sleep lab, not VirtuOx, buys NovaSom's assets

10/08/2019HME News StaffATLANTA - SleepMed, one of the largest operators of sleep labs in the United States, has acquired the assets of NovaSom, a leading provider of home sleep testing.It was previously reported that VirtuOx would buy the Glen Burnie, Md.-based company's assets.SleepMed, a BioSerenity company, is "excited to invest in NovaSom," said Roger Anderson, senior vice president of finance and operations.The company plans to combine its sleep medicine with NovaSom's HST and BioSerenity's technology and cloud platform to expand its U.S. operations.Previously, in court documents related to its Chapter 11 bankruptcy filing in August, NovaSom sought to sell its assets to VirtuOx through a stalking horse auction for an estimated $5.3 million.NovaSom, which was founded in 1992, makes AccuSom, an HST with continuous patient support and next-day test results. Its backers have included TPG Biotech and Johnson & Johnson.