BioTelemetry, Inc. Acquires Sweden-based ADEA Medical AB and Expands International Service Offering
July 24 2019 - 8:30AM
BioTelemetry, Inc. (NASDAQ:BEAT), the leading remote medical
technology company focused on the delivery of health information to
improve quality of life and reduce cost of care, today announced
that it has acquired ADEA Medical AB, an early-stage Swedish
medical technology company that delivers remote health services in
the Nordics. The acquisition is aligned with BioTelemetry’s
longer-term strategy to increase its international footprint and
offer its products and services to physicians and patients in the
Nordics and other parts of Europe.
BioTelemetry advances health by providing
technology and services that enable healthcare providers to monitor
and diagnose patients and clinical research subjects in a more
efficient, accurate and cost-effective manner. Through its BioTel
Heart division, BioTelemetry processes over four billion heartbeats
per day and monitors over one million patients each year. It is the
pioneer in remote patient monitoring, revolutionizing healthcare
with its suite of cardiac monitoring devices, including its
FDA-cleared ePatch™ and Mobile Cardiac Outpatient Telemetry (MCOT™)
monitors.
“This acquisition is a key step in bringing our
connected health products and services to more customers outside
the United States,” said Joseph H. Capper, President and Chief
Executive Officer of BioTelemetry. “The heart conditions we
diagnose present a world-wide challenge. We now have the
opportunity to deliver our life-saving technology and help improve
the quality of care on a much larger scale.”
About BioTelemetry
BioTelemetry, Inc. is the leading remote medical technology company
focused on delivery of health information to improve quality of
life and reduce cost of care. We provide remote cardiac
monitoring, remote blood glucose monitoring, centralized core lab
services for clinical trials and original equipment manufacturing
that serves both healthcare and clinical research
customers. More information can be found at www.gobio.com.
About ADEA Medical ABADEA
Medical AB is a Swedish medical technology company that provides
diagnostic products and health services. ADEA was founded in 2018
with the goal of simplifying life for the patient while at the same
time increasing the quality and efficiency of diagnostic
healthcare.
BioTelemetry, Inc.Heather C.
GetzInvestor RelationsExecutive Vice President, Chief Financial
Officer800-908-7103investorrelations@biotelinc.com
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