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Diagnostics M&A image Diagnostics M&A » By The Online Investor Staff, updated Mon., Feb. 17, 6:54 AM Recent mergers and acquisitions in the Diagnostics M&A category.

Slide #24. BioTelemetry, Inc. Mednet Healthcare Technologies, Inc.

Acquirer: BioTelemetry, Inc. (NASDAQ:BEAT)
Acquiree: Mednet Healthcare Technologies, Inc.
Details: BioTelemetry, Inc. (Nasdaq:BEAT), the leading wireless medical technology company focused on the delivery of health information to improve quality of life and reduce cost of care, announced today a significant victory in the patent infringement case against Mednet Healthcare Technologies, Inc. and its subsidiaries, Heart-Care Corporation of America, Universal Medical Inc., and Universal Medical Laboratory, Inc. ("Mednet"), as well as other named defendants. Mednet entered into a consent judgment, declaring that the Mednet entities infringed on five patents owned by BioTelemetry and its subsidiary, Braemar Manufacturing, and that all five patents are valid.

BioTelemetry is a remote medical technology company focused on delivery of health information. Co. provides 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. Co. operates under two reportable segments: Healthcare, which is focused on the diagnosis and monitoring of cardiac arrhythmias or heart rhythm disorders; and Research, which is engaged in central core laboratory services providing cardiac monitoring, imaging services, scientific consulting and data management services for drug and medical device trials.

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Company Name: 
BioTelemetry Inc
Sector: 
Diagnostics
Number of ETFs Holding BEAT: 
36
Total Market Value Held by ETFs: 
$378.15M
Total Market Capitalization: 
$1.80B
% of Market Cap. Held by ETFs: 
20.96%
 

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Buy (3.40 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)
Based on Zacks ABR data;
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