Natus completes acquisition of Nicolet neurodiagnostic business

Tuesday, July 3, 2012 10:32 AM

Natus Medical, a San Carlos, Calif.-based provider of healthcare products, has completed the acquisition of the Nicolet neurodiagnostic business from CareFusion for an approximate $58 million cash.

 “The Nicolet acquisition strengthens our leadership position in neurodiagnostic and monitoring products,” said Jim Hawkins, CEO of Natus. “The Nicolet portfolio of electroencephalography (EEG) and electromyography (EMG) systems and related accessories, as well as vascular and obstetric Doppler sensors and connectivity products, will allow us to bring additional value to our customers as well as adding to our customer base around the world.”

Based in Middleton, Wis., the Nicolet neurodiagnostic business employs more than 400 people worldwide and generated sales of approximately $95 million in 2011.

“We expect this acquisition to be marginally accretive to non-GAAP earnings in the fourth quarter of this year and to significantly improve our profitability in 2013,” said Hawkins. “Integration activities should be substantially completed by the end of 2012.”

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