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ITC Acquires Accumetrics to Form Leading POC Cardiovascular Diagnostics Business
Date:8/30/2013

PISCATAWAY, N.J. and SAN DIEGO, Aug. 30, 2013 /PRNewswire/ -- ITC Nexus Holding Company (ITC), a global leader in hemostasis management and Point-of-Care (POC) testing, today announced it has acquired Accumetrics, a global leader in assessing patient response to all major antiplatelet therapies. Terms of the transaction were not disclosed.

ITC develops, manufactures, and markets the Hemochron® product line, a market-leading POC system used to measure clotting activity for patients undergoing anticoagulation therapy.  Accumetrics develops, manufactures, and markets the VerifyNow® product line, a market-leading POC system used to measure platelet reactivity following antiplatelet therapies, including ADP receptor antagonists and aspirin.

"ITC has a history of innovation and leadership in Point-of-Care coagulation testing and Accumetrics is a pioneer and leader in Point-of-Care platelet function testing," said John Sperzel, Chief Executive Officer (CEO) of ITC. "The combination of ITC's Hemochron® and Accumetrics' VerifyNow® product lines creates a leading hospital-based POC cardiovascular diagnostics business."

"Accumetrics has played a leading role in the development of the antiplatelet monitoring market. The performance of the VerifyNow system has been demonstrated in numerous clinical studies, and we have thousands of satisfied customers around the world," said Accumetrics Chief Executive Officer Timothy I. Still. "I am confident that combining Accumetrics with ITC provides the best opportunity to accelerate the global adoption of the VerifyNow system."

Mr. Sperzel will serve as CEO of the combined company and Greg Tibbitts, Chief Financial Officer of Accumetrics, will serve as CFO of the combined company. Now that the trans
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SOURCE ITC Nexus Holding Company
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