Medrad Acquires Patient Monitoring and Imaging Product Lines
Source: MEDRAD, Inc.
Medrad Inc. (Indianola, PA) has acquired three proprietary patient monitoring and imaging product lines from Magnetic Resonance Equipment Corp. (MRE; Bay Shore, NY). Terms were not disclosed.Edited by Ursula Jones
The products, specifically designed for use in magnetic resonance imaging procedures, include the Multi-Gas Monitor and Pulse Oximeter patient monitoring products and the MusicBox sound system and related accessories. The new product lines will be incorporated into Medrad's existing manufacturing operations and distributed through its global sales, service and marketing organizations.
Medrad expects revenues from the acquired products to be approximately $4 million in 2000. It also expects to initially add about 15 employees in sales, marketing, development, and production to support the new products.