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Cardiac Science

This article was originally published in The Gray Sheet

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Executive Summary

Powerheart external cardiac defibrillator-monitor system developer raises roughly $21 mil. in a private placement of stock with Australian and Swiss investors, in addition to the $9.7 mil. raised in June (1"The Gray Sheet" July 3, p. 12). Institutional investors included Domain Associates, Hunt Financial Corp. and the Pratt Group. Led by de Greef & Co., the financing has netted about $30.5 mil. over the past two months from the sale of roughly 6.8 mil. shares at $4.50 each. Proceeds will be used "to drive adoption of...the Powerheart, and to develop additional embodiments of our life-saving fully automatic defibrillation technology," President and CEO Raymond Cohen comments July 25

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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