Medicalgorithmics buys $34.1 mln stake in US' Medi-Lynx

Medicalgorithmics has struck a deal with Texas-based Medi-Lynx Monitoring over the takeover of a 75 percent stake in the company for $34.1 million. Medi-Lynx is a US company specializing in cardiac monitoring using PocketECG systems provided by Medicalgorithmics. By utilizing industry leading algorithms, PocketECG analyzes the complete ECG waveform and classifies morphology in real time for up to 30 days. Medicalgorithmics has been present on the market since 2005. The company sells innovative, non-invasive mobile ECG technology on perspective markets, including the US and Asia. In February 2014, the company moved from NewConnect to the WSE main market.