Hillrom is paying $130m to snap up Johnson & Johnson-backed respiratory therapy system developer Breathe, which had raised at least $62m in funding.

Medical technology supplier Hillrom has agreed to acquire Breathe Technologies, the US-based respiratory aid developer backed by medical products group Johnson & Johnson, for $130m in cash.

Founded in 2005, Breathe has developed a device called the Life2000 Ventilation System. It features a handheld, battery-powered ventilator that undocks from the main tabletop unit to help a patient breathe while they move through indoor environments such as households or hospitals.

Life2000 has received market clearance from the US Food and Drug…