Compact-ultrasound developer SonoSite of Bothell, WA, has signed a deal to buy impedance cardiography (ICG) developer CardioDynamics of San Diego for $10 million.
SonoSite agreed to pay $1.35 per share for CardioDynamics, which reported 2008 sales of $24.5 million. The deal is expected to close in the third quarter of 2009.
The company's ICG products provide noninvasive assessment of cardiac output and other hemodynamic parameters, allowing physicians to assess and diagnose underlying cardiovascular disorders. The company's newest product, BioZ Dx, integrates ICG with electrocardiography, providing the ability to assess both mechanical and electrical cardiovascular function.
Related Reading
SonoSite nets M-Turbo order, May 15, 2009
SonoSite net grows on lower sales, April 28, 2009
CardioDynamics sees revenue dip in Q1, April 10, 2009
SonoSite shows early Q1 results, April 6, 2009
CardioDynamics nets increased Q4 sales, February 6, 2009
CardioDynamics reports Q3 sales increases, October 10, 2008
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