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.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs