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Biotel Inc.

Biotelemetry closes $16m VirtualScopics buy

May 13, 2016 By Mark Hollmer

BioTelemetry (NSDQ:BEAT) said yesterday that it closed its $15.5 million acquisition of clinical trial imaging provider VirtualScopics (NSDQ:VSCP), approximately 6 weeks after the deal was 1st announced. The all-cash buyout of Rochester, N.Y.-based VirtualScopics included a $4.05-per-share tender for roughly 3 million VirtualScopics shares. BioTelemetry also offered $336.50 per share for the company’s Series A and […]

Filed Under: Imaging, Mergers & Acquisitions, Patient Monitoring Tagged With: Biotel Inc., BioTelemetry Inc., CardioNet Inc., VirtualScopics Inc.

CardioNet soars on Street-beating Q4 results

February 23, 2012 By MassDevice staff Leave a Comment

CardioNet logo

Cost-cutting efforts helped CardioNet (NSDQ:BEAT) top Wall Street’s expectations for the 4th quarter, despite slipping sales for its mobile cardiac outpatient telemetry systems.

The Conshohocken, Pa.-based heart monitor maker posted revenues of $26.8 million for the 3 months ended Dec. 31, a 6.6% decline from $28.7 million during the same time last year.

Filed Under: MassDevice Earnings Roundup, News Well, Patient Monitoring, Wall Street Beat Tagged With: Biotel Inc., CardioNet Inc., Q4

CardioNet closes Biotel buyout

December 22, 2010 By MassDevice staff Leave a Comment

BEAT, BTEL logos

CardioNet Inc. (NSDQ:BEAT) closed its acquisition of Eagan, Minn.-based Biotel Inc. (OTC:BTEL).

The Conshohocken, Pa.-based wireless cardiac device maker picked up Biotel for $4.06 per share, for an aggregate purchase price of roughly $11.6 million, according to CardioNet.

Filed Under: Business/Financial News, Mergers & Acquisitions, News Well Tagged With: Biotel Inc., CardioNet Inc.

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