Colorado MEDtech purchases Novel Biomedical:
This article was originally published in Clinica
Colorado MEDtech is to acquire Novel Biomedical, a manufacturer of disposable medical devices for an undisclosed amount. The transaction is expected to close in early 1997. Novel, which is based in Plymouth, Minnesota, has annual turnover of $2 million. Novel president and founder Jonathan Kagan will remain president of the Novel operation. Colorado MEDtech manufactures computerised diagnostic equipment for use in respiratory care.