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CareFusion to Sell Neurodiagnostic Business to Natus Medical for $58 Million
Date:4/23/2012

SAN DIEGO and SAN CARLOS, Calif., April 23, 2012 /PRNewswire/ -- CareFusion (NYSE: CFN), a global medical technology company, and Natus Medical Incorporated (NASDAQ: BABY), a leading provider of health care screening, diagnostic and treatment products, today announced that they have entered into an agreement to sell the CareFusion Nicolet business to Natus for a cash purchase price of approximately $58 million. Based in Madison, Wis., the Nicolet business employs more than 400 people worldwide and generated sales of approximately $95 million in 2011.

"The decision to divest the Nicolet business is in line with our strategy to simplify and focus our operations and prioritize our investments to profitably grow over the long term," said Kieran Gallahue, chairman and CEO of CareFusion. "We have a dedicated team in the Nicolet business that will have greater scale and access to broader market opportunities as part of Natus."

The Nicolet business develops clinically differentiated neurodiagnostic and monitoring products, including a portfolio of electroencephalography (EEG) and electromyography (EMG) systems and related accessories, as well as vascular and obstetric doppler sensors and connectivity products.

"The Nicolet acquisition will strengthen our existing neurology portfolio and provide us with new product categories," said Jim Hawkins, CEO of Natus. "Combining our strong product portfolio and support expertise with that of CareFusion's Nicolet business will allow us to bring additional value to our customers.

"Further, this acquisition will better position Natus in international markets, as over 50 percent of the CareFusion Nicolet business is in markets outside of the United States."
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SOURCE CareFusion; Natus Medical Incorporated
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