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SomnoMed Limited Announces Renew Sleep Solutions Opens First Two Centres in Q2

23rd January 2017, SomnoMed Limited (ASX:SOM) announced that its subsidiary Renew Sleep Solutions, Inc. (“RSS”), formerly Sleep Centres America, Inc. treated its first patients in its first two sleep centres in the State of Oklahoma, USA in December. Both centres were launched ahead of schedule and break first ground in the Company’s plan to roll out treatment centres across the US.

“This is a true milestone for RSS and SomnoMed. We are very excited about the future of RSS and its centres, treating patients who suffer from Obstructive Sleep Apnea (“OSA”) with a trusted and well researched alternative COATTM appliance,” said Mr Jim Evanger, CEO of RSS. “The opening of these two centres represents the very beginning of building a “Direct to Patient” channel and will form the basis and template from which we will build future centres,” Mr Evanger said.

SomnoMed Global CEO Mr. Derek Smith commented, “The RSS team has done a tremendous job. Preparation for the establishment of the next centres is underway and all augurs well for us to remain on track to open 5 centres by 30 June 2017, as promised.” He added, “The initial opening costs and capital investment were both under budget, which is a pleasing result.”


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