Telehealth firm Tunstall expands remote monitoring with AMAC buy
This article was originally published in Clinica
Privately-held UK telehealth specialist Tunstall Healthcare Group has agreed to acquire American Medical Alert Corp (AMAC), a provider of remote health monitoring devices and communication services. The deal is worth $8.55 per AMAC share, or $82.3m in total. This represents a 50% premium over AMAC's closing share price of $5.69 on Nasdaq on 22 September, the day the news was announced. Shares in the company rose 48% to close at $8.40 on 23 September.