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MGC Diagnostics Corp completes agreement to acquire Medisoft SA

Monday, 14 Jul 2014 05:00am EDT 

MGC Diagnostics Corp:Says it has completed a stock purchase agreement to acquire Medisoft SA, a Sorinnes, Belgium headquartered, privately held manufacturer of cardiorespiratory diagnostic products.The company plans to close the transaction on Aug. 1, 2014.Under the stock purchase agreement, MGC Diagnostics will acquire Medisoft for cash consideration of 5.8 mln euros ($7.9 mln) and three-year warrants to purchase 1.0 mln euros ($1.4 mln) of MGCD common stock.Says it intends to finance the acquisition of Medisoft from its current capital resources and a new bank credit facility the Company intends to enter into contemporaneous with closing of the Medisoft SA acquisition. 

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