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GE Medical Systems

This article was originally published in The Gray Sheet

Executive Summary

Definitive acquisition agreement for Micro Medical Systems, Inc., a supplier of cardiology data repositories, integration solutions and healthcare networking systems, is valued at approximately $15 mil., GE says. The deal includes MMS' parent company Life Diagnostics, maker of cardiac and autoimmune antigens. The two-part deal includes a lump sum payment to each shareholder at closing, plus a choice of certain contingent payments "either in one discounted payment at closing or in payments spread over three years," GE explains. The deal is expected to close in September pending shareholder and regulatory approvals
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