Medicalgorithmics to acquire American firm for more than $34 mln

Medicalgorithmics has signed a conditional deal for the acquisition of a 75 percent stake in American Medi-Lynx Cardiac Monitoring in order to increase its influence in the American heartbeat remote monitoring system market, Parkiet daily reported. The total value of the contract stands at $34,1 million, which roughly translates to PLN 136 million. The Polish company is to pay $16.7 million in cash and issue its own promissory note worth $8.7 million, in addition to transferring  $8.7 million in shares.