Natus Acquires Grass Technologies Product Group from Astro-Med
Natus Medical Incorporated (Nasdaq: BABY) and Astro-Med, Inc.
(Nasdaq: ALOT) today announced that the companies have consummated the
sale of the Grass Technologies Product Group from Astro-Med to Natus. On
January 7, 2013, the companies announced that they had entered into an
asset purchase agreement for the transaction. The Grass Technologies
Product Group includes clinically differentiated neurodiagnostic and
monitoring products, including a portfolio of polysomnography (PSG) and
electroencephalography (EEG) systems for both clinical and research use
and related accessories and proprietary electrodes.
Natus expects the acquisition to be accretive to non-GAAP earnings in
its second quarter and full year 2013.
Natus funded the