Friday, August 14, 2009
Datrix Acquired By Medical Devices Firm
Escondido-based Datrix, a developer of portable devices for heart monitoring, has been acquired by medical devices firm IntriCon Corporation for approximately $2.5M. St. Paul, Minnesota-based IntriCon said the deal includes $1.225M in cash, a $1.05M subordinate note payable over three years, and 75,000 shares of its common stock. IntriCon said that Datrix has annual revenues of approximately $1.6M, and is profitable and cash flow positive. Datrix develops portable Holter monitors and wireless, Wi-Fi enabled electrocardiograph (ECG) systems.