M&A Deal Summary

BioTelemetry Acquires VirtualScopics

On March 25, 2016, BioTelemetry acquired medical products company VirtualScopics for 16M USD

Acquisition Highlights
  • This is BioTelemetry’s 3rd transaction in the Medical Products sector.
  • This is BioTelemetry’s 3rd largest (disclosed) transaction.
  • This is BioTelemetry’s 4th transaction in the United States.
  • This is BioTelemetry’s 1st transaction in New York.

M&A Deal Summary
Date 2016-03-25
Target VirtualScopics
Sector Medical Products
Buyer(s) BioTelemetry
Deal Type Add-on Acquisition
Deal Value 16M USD
Advisor(s) Oppenheimer & Co. (Financial)
Woods Oviatt Gilman (Legal)

Target

VirtualScopics

Rochester, New York, United States
VirtualScopics, Inc. is a provider of clinical trial imaging solutions to accelerate drug and medical device development.

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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 4 of 7
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 4 of 6
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 3
Size (of disclosed) 3 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 DELTA Danish Electronics - ePatch Division

Denmark

DELTA Danish Electronics - ePatch Division is an extended-wear cardiac monitor, utilizing proprietary patch and sensor technology.

Buy $3M
Mergr

Product

Company

Legal