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.”