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Biosensors to Acquire Assets of Spectrum Dynamics
Date:5/16/2013

sue in the treatment of cardiovascular disease. Spectrum Dynamics' advanced imaging systems will enable doctors to more effectively determine the appropriate course of treatment for their patients. By combining the sales forces of the two companies, Biosensors can provide extensive coverage and leverage their excellent relationships with key potential customers in order to drive the use of Spectrum Dynamics' technology worldwide."

The deal consideration is approximately US$51 million, with potential earn-out payments upon fulfilling certain performance criteria. Under the terms of the deal, the two companies will also create a joint venture aimed at developing future non-cardiac applications. Biosensors expects the transaction to have minimal impact on its 2014 fiscal year financial results, with the potential to be moderately accretive to its earnings in the following fiscal year.

"Similar to Biosensors, Spectrum Dynamics is a pioneer in its field and has a proven business model, with products being used by leading medical institutions and teaching hospitals in the US, Europe and Japan. We will build on Spectrum Dynamics' initial success, as it has huge potential to expand both in new geographical locations and in various application protocols. We believe these innovative applications can offer patients more advanced treatments and, at the same time, help physicians and hospitals reduce the time and money they need to spend on making accurate diagnoses," commented Biosensors' CEO Dr. Jack Wang . "Additionally, hospitals and physicians in the emerging markets will thus be able to screen cardiac patients more expediently and serve more patients in a given time. This acquisition is in line with our strategic objective to expand our product offerings. It also reflects our commitment to continue diversifying our business as we take our company to the next level."

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SOURCE Biosensors International Group, Ltd.
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