Physio-Control acquires Irish AED maker HeartSine

Physio-Control said today it agreed to acquire North Irish automated external defibrillator manufacturer HeartSine Technologies for an undisclosed amount. The 2 companies said they completed due diligence but have not released details of the transaction or dates the acquisition is slated to close. “With Physio-Control and HeartSine now united in our lifesaving missions, we will be able to offer a tremendous range of AED solutions to our global customers and partners. Sudden cardiac arrest is one of the biggest health care problems in the world and AEDs are a critical part of the solution. The global market for these devices is growing fast and our joint aim is to save more lives with more AEDs in more places,” Physio-Control CEO Brian Webster said in a press release. Both companies produce AEDS, with Heartsine producing the samaritan PAD line of public access AEDs and Physio-Control producing the Lifepak CR Plus and Lifepak 1000, with distributions to 104 countries, Redmond, Wash.-based Physio-Control said. “This is very good for HeartSine and our distributors. Our teams share a strong clinical focus, and together we have exciting opportunities ahead for technical, scientific and marketing collaboration. Most importantly, we have a strong cultural fit and a common mission to prevent unnecessary deaths from sudden cardiac arrest,” HeartSine CEO Declan O’Mahoney said in prepared remarks. In July, Physio-Control said it inked a deal with Aircraft Medi...
Source: Mass Device - Category: Medical Equipment Authors: Tags: Business/Financial News Cardiac Assist Devices Mergers & Acquisitions HeartSine Technologies Inc. Physio-Control Inc. Source Type: news