M&A Deal Summary

BioTelemetry Acquires cardioCORE Lab

On August 6, 2012, BioTelemetry acquired medical products company cardioCORE Lab for 24M USD

Acquisition Highlights
  • This is BioTelemetry’s 1st transaction in the Medical Products sector.
  • This is BioTelemetry’s 2nd largest (disclosed) transaction.
  • This is BioTelemetry’s 2nd transaction in the United States.
  • This is BioTelemetry’s 1st transaction in Maryland.

M&A Deal Summary
Date 2012-08-06
Target cardioCORE Lab
Sector Medical Products
Buyer(s) BioTelemetry
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

cardioCORE Lab

Rockville, Maryland, United States
cardioCORE has provided superior centralized cardiac testing services to the pharmaceutical industry for 18 years. Services include centralized electrocardiography (ECG), Holter monitoring, ambulatory blood pressure monitoring (ABPM), echocardiography (ECHO), multigated acquisition scans (MUGA), protocol development, and statistical analysis.

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Buyer(S) 1

Buyer

BioTelemetry

Malvern, Pennsylvania, United States
Category Company
Founded 1994
Sector Medical Products
Employees1,700
Revenue 439M USD (2019)
DESCRIPTION

BioTelemetry, Inc. is a remote medical technology company provides remote cardiac monitoring, centralized core laboratory services for clinical trials, remote blood glucose monitoring and original equipment manufacturing that serves both healthcare and clinical research customers. BioTelemetry was founded in 1994 and is based in Malvern, Pennsylvania.

DEAL STATS #
Overall 2 of 7
Sector (Medical Products) 1 of 3
Type (Add-on Acquisition) 2 of 6
State (Maryland) 1 of 1
Country (United States) 2 of 5
Year (2012) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-25 PDSHeart

West Palm Beach, Florida, United States

Provides physician-prescribed remote and ambulatory care monitoring of non-symptomatic, symptomatic and post surgical cardiac patients via landline, cellular telephone and the Internet. PDSHeart was acquired by Cardionet (Nasdaq: BEAT) in March of 2007, and the combined companies undertook an IPO in 2008.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 RadCore Lab

Torrance, California, United States

RadCore Lab LLC is an imaging core lab serving the biopharmaceutical and medical device industries. RadCore provides a full range of imaging services in a clinical research setting including, X-Ray Radiography (X-RAY), Dual Energy X-Ray Absorptiometry (DEXA), Breast Imaging (Mammo, U/S, MRI), Computerized Tomography (CT), Magnetic Resonance Imaging (MRI), Diagnostic Ultrasound (U/S), Vascular Ultrasound (U/S), and general Nuclear Medicine imaging such as Single-photon emission computed tomography (SPECT) and Positron Emission Tomography (PET).

Buy -
Mergr

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