M&A Deal Summary

ECGI Holdings Acquires National Cardiac Monitoring Center

On July 7, 2016, ECGI Holdings acquired healthcare services company National Cardiac Monitoring Center for 5M USD

Acquisition Highlights
  • This is ECGI Holdings’ 1st transaction in the Healthcare Services sector.
  • This is ECGI Holdings’ largest (disclosed) transaction.
  • This is ECGI Holdings’ 1st transaction in the United States.
  • This is ECGI Holdings’ 1st transaction in Maryland.

M&A Deal Summary

Date 2016-07-07
Target National Cardiac Monitoring Center
Sector Healthcare Services
Buyer(s) ECGI Holdings
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

National Cardiac Monitoring Center

Glenelg, Maryland, United States
National Cardiac Monitoring Center, Inc. is a FDA-registered independent diagnostic testing facility (IDTF), has been providing cardiac diagnostic services since 1986. It provides a range of cardiac monitoring modalities including Mobile Cardiac Telemetry (MCT), wireless and trans-telephonic cardiac event monitoring (CEM), 24/48-hour digital Holter monitoring with data transmission to NCMC, 24-hour ABP monitoring, full time and off-hours monitoring, and triage. The facility can receive any number of patient calls simultaneously, with patients receiving immediate, one-on-one service every time they call. NCMC will be used by EventCardio to introduce its NowCardio™ heart monitoring system in the U.S. upon clearance by the FDA and will serve as the Company’s U.S. data monitoring center.

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Buyer(S) 1

Buyer

ECGI Holdings

Los Angeles, California, United States

Category Company
Sector Medical Products
Employees1
DESCRIPTION

ECGI Holdings is a developer of medical diagnostic equipment that focuses on the detection, and preventive treatment, of high-risk diseases. The Company’s core product isNowCardio, an advanced Advanced Ambulatory Arrhythmia Monitoring System monitor which offers the combined functionality of holter monitoring, event recording, and mobile cardiac telemetry simultaneously within in a single device. ECGI Holdings is headquartered in Los Angeles, United States.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 East West Pharma Group

Salem, India

East West Pharma Group is specialized equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space. East West Pharma Group is based in Salem, Tamil Nadu.

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