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ZOLL Medical Corporation Announces Agreement To Purchase Assets of Alsius Corporation.

Publication: Business Wire
Publication Date: 21-FEB-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHELMSFORD, Mass. -- ZOLL Medical Corporation (Nasdaq GS: ZOLL) announced today 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....

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