Vasomedical Buys Two China Medical Device Manufacturers

Vasomedical announced it has purchased two China-based medical device companies: Life Enhancement Technology and Biox Instruments Co. Both companies currently serve as manufacturing partners for Vasomedical. The purchase price was $1 million in cash plus 7.4 million shares of stock (a $2 million value) plus an unspecified number of warrants, some of which are performance related. Vasomedical is a US maker of external cardiovascular devices and also a distributor of GE diagnostic imaging equipment. More details.... Stock Symbol: (OTCPK: VASO)     Share this with colleagues: