ZOLL Medical Corporation
ZOLL Medical Corporation Announces Agreement To Purchase Assets of Alsius Corporation
Published in Drug Week, March 13th, 2009
ZOLL Medical Corporation (Nasdaq GS: ZOLL) announced that it has signed an agreement with Alsius Corporation (Nasdaq: ALUS) under which ZOLL, through a wholly-owned subsidiary, will purchase from Alsius substantially all the assets constituting Alsius’s intravascular temperature management device business for a purchase price of twelve million dollars. The assets to be acquired include the intellectual property relating to the business, other intangibles, inventories and fixed assets. ZOLL will, as part of this agreement, assume warranty obligations relating to Alsius’s installed base of products. ZOLL plans to consolidate the operations of the acquired business at its facilities in...
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Source: Drug Week (2009-03-13)
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