Zoll Medical announced today that it completed its previously announced $538 million acquisition of Itamar Medical (NSDQ:ITMR). In September, Zoll confirmed its intent to acquire all outstanding shares of Itamar, a developer of non-invasive devices and solutions for the diagnosis of respiratory sleep disorders, at $31 per American Depository Share (ADS), a premium of 50.2% […]
Itamar Medical
Zoll Medical to acquire Itamar Medical in $538M deal
Zoll Medical announced today that it will acquire Itamar Medical (NSDQ:ITMR) for a total value of approximately $538 million. Chelmsford, Massachusetts-based Zoll will acquire all outstanding shares of Itamar, a developer of non-invasive devices and solutions for the diagnosis of respiratory sleep disorders, at $31 per American Deposiory Share (ADS), a premium of 50.2% over […]
Itamar Medical prices $35m offering
Itamar Medical (TASE:ITMR) announced that it upsized and priced a public offering of American depository shares (ADSs) for total gross proceeds of approximately $35 million. The Caesarea, Israel–based respiratory sleep disorder treatment developer offered more than 2.5 million ADSs at a public offering price of $13.75 per ADS to reach the $35 million mark before the […]
Itamar Medical lands FDA clearance for disposable sleep apnea test
Itamar Medical (TASE:ITMR) said that its WatchPAT One fully disposable home sleep apnea test has received FDA 510(k) clearance. The device may save clinics time and money because it does not need return shipping, downloading, cleaning or preparation for the next study, according to Caesarea, Israel-based Itamar. “WatchPAT One is ideally suited for clinics and […]
Itamar Medical to raise $12m with private placement
Itamar Medical (TASE:ITMR) said today that it stands to raise nearly $12 million in a private placement with American and Israeli investors. Caesarea, Israel-based Itamar, which makes sleep apnea and heart failure diagnostic devices, said the round consists of $8 million raised from Deerfield Management, Triple Gate Capital, West Elk Partners, and Alpha Capital Anstalt. Another […]