VIASYS Announces the Acquisition of Micro Medical
VIASYS Healthcare announced that it has signed a definitive agreement to acquire Micro Medical for a purchase price of approximately $39 million. In addition, in the transaction VIASYS is assuming approximately $1.2 million in net debt and has agreed, in certain circumstances, to make a contingent payment related to the sales of a new product and a contingent payment related to performance targets. Micro Medical, based in Chatham, UK, had 2004 revenues of approximately $16 million and has a global presence in hand-held and desk top devices for respiratory measurements used to diagnose and monitor asthma, chronic obstructive pulmonary disease and bronchitis.
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