Ambu strengthens European presence with Medicotest
This article was originally published in Clinica
Ambu, which manufactures hospital equipment, is to pay DKr190 million ($24 million) in cash and shares to buy fellow Danish company Medicotest, Europe's leading supplier of disposable electrodes for ECG, neurology and defibrillation applications. Medicotest founder Jan Rasmussen, who holds the absolute majority of shares in the company, will receive DKr117 million in cash. Mr Rasmussen is expected to take a seat on the board.
You may also be interested in...
Medtech Insight talked with XACT Robotics’ executive chairman Harel Gadot about plans for the FDA-cleared ACE robotic system and market opportunities. See what Gadot said about the market opportunity here.
Private Company Edition: The global accelerator has new commitments from HHS and the Wellcome Trust. Also, Apollo buys into Sofinnova Partners with an up to €1bn investment, Castle Creek raised $124.6m in private funding this year in lieu of an IPO and Remix closed a $70m series B round.
NeuroMetrix plans to market the prescription-based Quell in the fourth quarter to US rheumatologists and pain medicine physicians.