It's definitely a thing - large pockets rule. This piece on Resmed's expansion strategy and recent takeovers was in the Age on Friday.
It looks like they are still on the hunt. Wonder if they have IHL-42x on the radar?
https://www.theage.com.au/business/companies/resmed-eyes-insomnia-treatments-after-weathering-chip-shortage-20220812-p5b99f.html