CardioNet gets $20m sales boost through cardioCORE buy
This article was originally published in Clinica
Executive Summary
Wireless cardiac monitoring firm CardioNet has agreed to buy cardioCORE Lab, a centralised cardiac testing provider, for $23.5m. The acquisition could provide a quick return for CardioNet; it is predicting cardioCORE revenues of $19-20m and EBITDA of $3.5-4m for full-year 2012.
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