Natus buys hearing tech co SonaMed:
This article was originally published in Clinica
Natus Medical is set to add to its hearing diagnostics portfolio with the acquisition of SonaMed, a specialist in newborn hearing screening. The cash transaction, of which the total sum was not disclosed, will see Natus gain Waltham, Massachusetts-based SonaMed's stand-alone Clarity Screener device and associated disposable supplies. The technology, used to test for hearing loss in newborns, helped SonaMed generate revenues of $3.5m in 2007. Natus (San Carlos, California) expects the deal to be accretive to earnings per share in the first full quarter of ownership. The transaction is expected to close during the second quarter of 2008.