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CardioDynamics Agrees to be Acquired by SonoSite for $1.35 Per Share
Date:6/9/2009

ician office sales channel and large installed physician base. Through this merger we are joining an industry leader in point of care medicine who shares our vision of creating non-invasive technologies that improve outcomes and reduce the cost of patient care. The acquisition will accelerate the expansion of both SonoSite's and CardioDynamics' cardiovascular platforms and benefit the customers, employees and shareholders of both companies."

Kevin M. Goodwin, SonoSite President and CEO, stated, "The acquisition of CardioDynamics is part of a strategic initiative that moves SonoSite forward toward our long-stated goal of adding clinical value and reducing healthcare system costs in cardiovascular disease management. CardioDynamics is the platform we will build upon to achieve this goal. Additionally, CardioDynamics has established a solid direct sales channel in the U.S. with 38 sales representatives calling on cardiologists, internal medicine and family medicine practitioners, primarily in physician office settings. We believe we can leverage this channel to build on our existing footprint in point of care markets."

Rhonda F. Rhyne, CardioDynamics President, added, "We sincerely thank our employees, customers and partners for their contributions in making ICG an important part of cardiovascular care for the over 12,000 physicians who use ICG daily. We are excited for the opportunity to combine with SonoSite and leverage our innovative product portfolios and sales channels through each other's existing customer base. This will enable both companies to extend our reach to even more physicians and hospitals for the benefit of patients. Additionally, we expect that the acquisition of CardioDynamics by SonoSite will provide the incremental resources necessary to help make ICG a cardiovascular standard of care."

Cain Brothers & Company LLC acted as financial advisor and Pillsbury Winthrop Shaw Pittman LLP acted
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SOURCE CardioDynamics
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