|
|
NEWS ACQUISITIONS, MERGERS & AGREEMENTS VitalCom Mergers with Data Critical Two wireless companies, VitalCom Inc. of Tustin, California, and Data Critical of Bothell, Washington, have agreed to merge, in a move to create a solid wireless position in the healthcare sector. The companies said that the stock-for-stock deal is valued at about $10.5-million.VitalCom, a software and manufacturer of PatientNet™, a real-time open and wireless patient information network, will become a subsidiary of Data Critical, a provider of wireless communications products, including a line of wireless alarm notification products for hospitals. Commenting on the benefits of the merger, Frank Sample, president and CEO of VitalCom, said, "The synergies created with VitalCom’s PatientNet wireless networking technology and Data Critical’s wireless communication devices competitively positions us to deliver the most comprehensive and strategic wireless solutions to our customers." He added that the increase in distribution channels will create increased efficiency and reduced costs for healthcare providers. The transaction is subject to the approval of shareholders of both companies and is expected to be completed by the end of the second quarter. For more information: http://www.vitalcom.com/about/news/press/financial/pr-010312-f.htmlMobileinfo Comments and Advisory: A good merger. There must be a bigger mass if these companies must survive. Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
Options: 
Reproduction
of any material from the MobileInfo.com's website without written permission is
prohibited. |
|||||||||||||||||||||||||||||