Respironics completes acquisition of Novametrix
Respironics has completed its previously-announced acquisition of fellowUS firm Novametrix Medical Systems, a leading cardio-respiratory monitoring company, in a stock deal valued at approximately $85 million. As a result of the transaction, Novametrix has become a wholly-owned subsidiary of Respironics, and it was noted that combined revenues of the two companies totaled approximately $502 million in 2001.
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