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SHL completes tender offer for Raytel:

This article was originally published in Clinica

Executive Summary

SHL Telemedicine has completed its $10.25 per share tender offer for Raytel Medical, a provider of healthcare services, concentrating on patients with cardiovascular disease. Tel Aviv, Israel-based SHL says around 2.3 million of Raytel's nearly three million shares were tendered. The CEO and director of San Mateo, California-based Raytel, Richard Bader, resigned with immediate effect, following his own unsuccessful attempt to buy the company.

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