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This article was originally published in The Gray Sheet

Executive Summary

Advanced Neuromodulation Systems will acquire privately held electromechanical device developer Hi-tronics Designs for about $25 mil. in stock, including 1.1 mil. shares of ANS, the firm announces Dec. 1. HDI develops and supplies ANS' IPG implantable pulse generator for nerve stimulation and the transmitter for its Renew external radiofrequency stimulation system. The deal, which will be accounted for as a pooling-of-interests, will be accretive to earnings in 2001, ANS says
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