Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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

Printed By


Natus Medical buys Excel-Tech

This article was originally published in The Gray Sheet

Executive Summary

Neurodiagnostics firm Natus Medical acquires Excel-Tech for $63.6 million, gaining the latter firm's electrodiagnostic systems and disposables for the detection, diagnosis and monitoring of neurologic disorders, including central and peripheral nervous system dysfunction, as well as sleep disorders. Announced Oct. 10, the deal bolsters Natus' neurology offerings and adds $33.4 million in annual sales, furthering Natus' goal of achieving annual sales of $250 million by the end of 2008, according to the firm. Natus' product offerings include systems for screening, detection, treatment, monitoring and tracking of neurological dysfunction, epilepsy, sleep disorders, hearing impairment and newborn care. Under the terms of the deal, Natus is paying $3.34 per share for Toronto-based Excel-Tech, a roughly 82% premium over its Oct. 9 closing price of $1.84. The deal will be immediately accretive to Natus earnings, excluding one-time charges

You may also be interested in...

Cool-Cap hits the market

Natus Medical subsidiary Olympic Medical receives FDA approval Feb. 11 to begin U.S. shipments of its Cool-Cap device to treat hypoxic ischemic encephalopathy in newborns, and expects to fulfill most of its backlog orders by the end of the first quarter. Cool-Cap, which lowers body temperature to reduce brain swelling, was FDA-approved in December 2006, but required PMA-supplements for component updates before it could be sold commercially. Separately, Natus launched a restructuring plan to be phased in during the first nine months of 2008 to improve operating efficiency after recent acquisitions, including the November 2007 purchase of Xltek (1"The Gray Sheet" Oct. 15, 2007, In Brief). Natus will cut its North American field sales and service force, and continue to outsource assemblies to contract manufacturers, the firm said Feb. 11. The plan is expected to save $2.4 million in 2009

US FDA Not Changing Assessment Goals Because of Coronavirus-Mandated Telework

Assessment work also isn’t slowing down, the new and generic drug office directors said in an interview, but approval data offers a note of concern.

Abbott Launches Five-Minute POC Rapid COVID-19 Test

Abbott is launching a second test to detect COVID-19. The diagnostics giant announced on 27 March the release of a rapid, point-of-care test that can deliver results within five minutes.





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts