Exploring ASX 300 Contenders: What’s Behind the Moves of (ASX:RMD) and (ASX:NWL)

2 min read | July 16, 2025 10:52 PM PDT | By Team Kalkine Media

Highlights

  • ResMed blends hardware and SaaS to improve sleep and respiratory care

  • Netwealth leverages scale and platform tech in wealth management

  • Both companies reflect different angles of tech-enabled healthcare and finance

RMD, listed on both the NYSE and the ASX, is a constituent of the ASX 300 and operates as a global medical device and digital health company. Although headquartered in the US, its roots remain in Australia, and it has grown to serve customers across more than 140 countries. The company is recognised for its continuous positive airway pressure (CPAP) machines, widely used in the treatment of obstructive sleep apnea (OSA). These devices form a central part of its Sleep and Respiratory Care segment.

In addition to its hardware, ResMed integrates Software as a Service (SaaS) into its offering, providing digital solutions to support out-of-hospital care. The software assists clinics, hospitals, and healthcare providers in managing patient data and streamlining workflows. This dual structure allows the company to enhance health outcomes while reducing broader healthcare system costs.

Netwealth’s Digital Push in Wealth Management

(ASX:NWL) operates within the wealth management sector, offering a cloud-based platform primarily used by financial advisers. Its ecosystem allows users to access, manage, and monitor a range of products via an intuitive online dashboard.

Netwealth has positioned itself as a technology-first provider, focusing heavily on user experience and efficiency. The platform is tailored to support advisers in handling portfolio construction, performance tracking, and delivering client reports. A clean and simple interface backed by scalable tech infrastructure contributes to its strong presence in the market.

Broader Picture: Technology at the Core

Both (ASX:RMD) and (NWL) represent strong examples of technology's influence across distinct sectors—healthcare and finance. Where ResMed is shaping the future of respiratory therapy and digital health solutions, Netwealth is redefining how wealth management services are delivered. Though operating in very different arenas, each relies on advanced software platforms to deliver more value, better insights, and stronger client outcomes.

As members of the ASX listings, they stand as evidence of how companies leveraging technology are finding long-term relevance in an evolving global economy.


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