Zoll Medical Signs Definite Agreement To Buy Itamar Medical For $538M

The combination of Zoll Medical and Itamar Medical would help strengthen the collaboration between the worlds of cardiology and sleep medicine, Jon Rennert, Zoll’s CEO said.

M&A

Zoll Medical Corp. announced on 13 September plans to acquire Itamar Medical Ltd. for a total value of $538m, or $1.09 per ordinary share, which will add Itamar’s home-based testing for sleep apnea to Zoll’s cardiopulmonary product offerings.

SVB Leerink Research analyst Richard Newitter wrote in his flash report that the deal “looks to us like a good strategic fit for both companies.”

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