Astia Angels Announces First Exit with Ciel Medical
Vyaire Medical, the healthcare industry’s largest pure-play “breathing” company, announced it has acquired Ciel Medical, a medical device company focused on solving unmet needs of medical professionals caring for intubated patients.
Ciel Medical has developed innovative technologies that will strengthen Vyaire’s strategy to offer products that can help reduce the incidence of Ventilator Acquired Pneumonia for ventilated patients. Ventilator Acquired Pneumonia costs the U.S. healthcare system billions of dollars annually and Vyaire is committed to reducing overall costs of care while improving patient outcomes.
Vyaire management sees the acquisition of Ciel Medical as a step toward the company’s stated goal of becoming the global leader in the respiratory care market.
Astia Angels invested in Ciel Medical in June 2015, having met Kate Garrett, Co-Founder & CEO and her team via the Astia Community earlier that year. The company applied to Astia and successfully progressed through the Astia Expert Sift upon which the company presented to Astia Angels members and secured investment.
About the Co-Founder, Kate Garret
Prior to Ciel Medical Kate worked in strategic marketing at Acclarent, and in R&D at Pathway Medical Technologies. She has been directly involved in the development and commercial launch of six 510(k) products. Kate has a mechanical engineering degree from Olin College and graduated from the Stanford Biodesign Fellowship for medtech innovation.
About Astia Angels
Since the launch of Astia Angels in 2013, members have made 66 investments into 45 companies across the sectors of technology, healthcare/life sciences, cleantech and consumer products, from seed to growth stage, representing more than $14.8M in direct investments and more than $135.6M in syndication. Investment syndicate partners have included Venrock, Google Ventures, Norwest Venture Partners, Wheatsheaf Investment Group, Catalyst Health Ventures, Arboretum Ventures, Stanford StartX, BBG Ventures and other top tier investors.
Astia White Paper PDF: https://gcase.files.wordpress.com/2017/05/astia-angels-white-paper.pdf