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9 months ago
BRIEF-Biotelemetry acquires Telcare's remote diabetes management platform
December 1, 2016 / 2:25 PM / 9 months ago

BRIEF-Biotelemetry acquires Telcare's remote diabetes management platform

Dec 1 (Reuters) - Biotelemetry Inc -

* Announces acquisition of Telcare's remote diabetes management platform

* Acquired Telcare Medical Supply, Inc. and associated assets for upfront consideration of $7.0 million in cash

* Telcare is expected to generate over $5.0 million in revenue on an annualized basis and be near breakeven by end of 2017

* Deal includes potential for additional performance-based earn-outs of up to $5.0 million in cash Source text for Eikon: Further company coverage:

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