Tag: BANKRUPTCY

ProSomnus Announces Record Revenues as it Emerges from Reorganization
Dental Sleep Medicine Industry News Product News Technology

ProSomnus Announces Record Revenues as it Emerges from Reorganization

ProSomnus Sleep Technologies announced record revenues for the quarter that ended June 30, 2024, as it formally emerged from reorganization on August 5, 2024. Revenues for the second quarter totaled a record $9.1 million reflecting increasing orders for the Company’s precision intraoral medical devices. These quarterly results reflect a 22% […]

Industry News

Pear Therapeutics Files Chapter 11

Pear Therapeutics, Inc. announced that the Company and its wholly owned subsidiary, Pear Therapeutics (US), Inc. (collectively, the “Debtors”), each voluntarily filed for protection under chapter 11 (“Chapter 11”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy […]

Acquisitions

SleepMed Snaps Up NovaSom’s Assets

It seemed like a foregone conclusion that Virtuox would snap up NovaSom’s assets at the scheduled bankruptcy auction. However, the auction was canceled after Novasom accepted a $5.5 million offer from SleepMed now owned by BioSerenity Inc. as of September 25th. Not familiar with BioSerenity? They are a high growth […]