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Alpine Biomed Acquires Stellate to Create New Leader in Neurology Diagnostics Market
Date:1/15/2009

FOUNTAIN VALLEY, Calif., Jan. 15 /PRNewswire/ -- Alpine Biomed Corporation, a global leader in specialty diagnostic devices, announced today that it has acquired Stellate Systems Inc. Headquartered in Montreal, Quebec, Stellate specializes in the development and production of advanced neurodiagnostic systems. The acquisition is the second that Alpine Biomed has completed since Water Street Healthcare Partners, a leading private equity firm focused exclusively on health care, invested in the company in 2007.

The combination significantly increases the size of Alpine Biomed's neurology business and gives the company a strong foothold in the rapidly growing sleep diagnostics market. Estimated to affect as many as 40 million Americans, sleep disorders have become one of the nation's top health conditions requiring diagnosis and treatment. Alpine Biomed will also offer products and software that detect and monitor a range of conditions including epilepsy and muscular disorders such as carpal tunnel syndrome. Additionally, Stellate's strength in research and development will enhance Alpine's product development capabilities.

"Acquiring Stellate marks an important step toward achieving our goal of becoming one of the world's leading specialty diagnostic device companies," said Alpine Biomed President and CEO John Arnott. "In addition to being a leader in the gastroenterology diagnostic market, Alpine Biomed is now a significant player in the neurodiagnostics market. We will offer our customers a comprehensive range of innovative products and software analytics that can diagnose and monitor a multitude of disorders with particular strength in the fast-growing area of sleep disorders."

Founded in 1986, Stellate designs, manufactures and distributes neurodiagnostic systems to hospitals, clinics and universities in more than 30 countries. It has pioneered many products, including the industry's
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SOURCE Alpine Biomed Corporation
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