Brief: Medicalgorithmics Unit Buys Remaining 25% Stake In Medi-Lynx Cardiac Monitoring

Medicalgorithmics SA

04/01/2021 06:59

Jan 4 (Reuters) - Medicalgorithmics SA  MDG.WA :
    * SAID ON THURSDAY ITS UNIT MEDICALGORITHMICS US HOLDING
CORPORATION HAS SIGNED A DEAL TO BUY REMAINING 25% STAKE IN
MEDI-LYNX CARDIAC MONITORING FROM MEDI-LYNX MONITORING FOR $0.5
MILLION
    * UNIT HOLDS 75% STAKE IN MEDI-LYNX CARDIAC MONITORING
    * CONSIDERING PRICE FOR 75% STAKE PURCHASED IN 2016, PRICE
FOR
100% STAKE IN MEDI-LYNX CARDIAC MONITORING WAS $34.6 MILLION

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM21b99ca
    
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