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Deals roundup.
Deals roundup
Natus agrees to $19.3 million cash acquisition of Olympic
By HOLLAND JOHNSON
Medical Device Daily Associate Managing Editor
Natus Medical (San Carlos, California) reported that it has agreed to acquire privately held Olympic Medical (Seattle) in a cash acquisition valued at about $19.3 million. The company said it expects to complete the acquisition "immediately."
Natus, a provider of healthcare products used for the screening, detection, treatment, monitoring and tracking of medical ailments such as hearing impairment, neurological dysfunction, epilepsy, sleep disorders, newborn jaundice and newborn metabolic testing, will pay about $16.6 million at closing and assume Olympic's existing payables, including roughly $2.7 million of debt. It is expected to have about $1.2 million in cash on its balance sheet as of the closing.
Olympic develops medical products used in the neonatal intensive care unit (NICU) and pediatric department of the hospital,…
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Source: HighBeam Research, Deals roundup.
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