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SonoSite Completes Acquisition of CardioDynamics - a Cardiovascular Disease Management Company.

Publication: Business Wire
Publication Date: 17-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOTHELL, Wash. -- SonoSite, Inc. (NASDAQ:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, today announced that on August 14, 2009, it completed the acquisition of CardioDynamics International Corporation (NASDAQ:CDIC), a leader in impedance cardiography (ICG) for noninvasive hemodynamic assessment.

Under the terms of the agreement, CardioDynamics will become a wholly-owned subsidiary of SonoSite, Inc. and CardioDynamics shareholders will receive $1.35 per share in cash. The aggregate transaction is valued at approximately $10.0 million, or $12.3 million net of cash and debt. Shareholders of...

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