MoneyWorks4Me

Opto Circuits’ arm inks pact to sell Diagnostic Cardiology product line

01 Apr 2013 Evaluate

Opto Circuits’ subsidiary, Cardiac Science, has signed a definitive agreement to sell its Diagnostic Cardiology product line to Mortara Instrument, Inc. for an estimated consideration of $21 million.

The transaction does not include MySense, the novel, wearable, single patient ECG recorder system and the resuscitation business unit that markets automated external defibrillators (AEDs) worldwide.

Opto Circuits India is a multinational medical device company headquartered out of Bengaluru, India. The company designs, develop, manufacture, market and distribute a range of medical products that are used by healthcare establishments in more than 150 countries.

Peers
Company Name CMP
Lenskart Solutions 706.60
Poly Medicure 1727.75
Molbio Diagnostics 1288.60
Laxmi Dental 197.50
GKB Ophthalmics 62.50
View more..