Entry into Material Definitive Agreement for Acquisition of Datrix, LLC
CB Scientific, Inc. announces definitive purchase agreement to acquire commercial ambulatory ECG device manufacturer Datrix, LLC
CB Scientific, Inc. (CBSC), in an ongoing effort to expand its products and services in the Remote Cardiac Ambulatory ECG market, both domestically and internationally, is pleased to announce a definitive purchase agreement to acquire Datrix, LLC, a global ambulatory device manufacturer based in Escondido, California. Datrix, LLC brings to CBSC a diversely experienced team of highly qualified individuals with extensive knowledge of design and engineering related to medical devices utilized in this ever-expanding market. This acquisition further strengthens our digital offering with the addition of an existing commercially available product line which includes wireless Mobile Cardiac Telemetry, Cardiac Event, Extended and Standard Holter monitoring through the Datrix Sirona and VX3 devices.
This acquisition will provide CBSC and its subsidiary My-Cardia (USA) Inc. the ability to enhance and improve our current proprietary My-Cam device and to expand into other cardiac arrhythmia testing offerings quickly. This also will open new avenues into the existing Remote Cardiac Ambulatory ECG market which would include possible expansion into future alternative markets. Related to this acquisition will be on-going efforts by CBSC to expand My-Cardia’s service capabilities leveraging business relationships and exploring additional acquisitions.
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CB Scientific plans to make further announcements to keep its shareholders, industry participants and the public markets informed through press releases and regulatory filings, as new developments occur.
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