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MGC buys Medisoft

  • MGC Diagnostics (MGCD -0.9%) completes a stock purchase agreement to acquire privately-held cardio-respiratory products maker Medisoft SA. Under the terms of the agreement, MGC will purchase the Belgian firm for the equivalent of $7.9M cash and three-year warrants to purchase the equivalent of $1.4M of MGCD common stock.
  • Medisoft generated the equivalent of $6.4M in top line revenue in 2013. The transaction is expected to close on August 1, 2014.
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