Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Cardiac Science Provides Update On Artema Acquisition; Acceptance Period is Extended.


Business Editors & Health/Medical Writers

BIOWIRE2K

IRVINE, Calif.--(BW HealthWire)--May 31, 2001

Cardiac Science Inc. (Nasdaq:DFIB) today announced that it has extended the acceptance period relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 its offer to acquire all of the issued and outstanding shares of Artema Medical AB, a Swedish developer and manufacturer of patient monitors and external defibrillator defibrillator, device that delivers an electrical shock to the heart in order to stop certain forms of rapid heart rhythm disturbances (arrhythmias). The shock changes a fibrillation to an organized rhythm or changes a very rapid and ineffective cardiac rhythm to a  devices, from June 4, 2001, to June 18, 2001.

The extension is the result of the routine review process associated with Cardiac Science's filings with the U.S. Securities and Exchange Commission relating to the planned acquisitions of both Artema and Survivalink Corp. Although Cardiac Science anticipates closing the Artema transaction in June, it is possible that an additional extension to the acceptance period may be required.

Cardiac Science announced on Jan. 10, 2001, that it had tendered an offer to acquire all of the issued and outstanding shares of Artema. As consideration, Cardiac Science will issue approximately 4,444,444 shares of its common stock. Cardiac's offer is conditional upon, among other things, the tender of at least 90% of the issued and outstanding shares of Artema.

About Artema Medical

Artema develops, manufactures and markets bedside and portable multi-parameter patient monitors and defibrillator devices used in cardiac and emergency care applications inside and outside of hospitals. Artema's products are exported to more than 80 countries via independent distributors encompassing Europe, Asia and the Middle East.

About Cardiac Science

Cardiac Science develops, manufactures and markets life-saving external cardiac defibrillator devices that monitor and automatically treat patients who suffer life-threatening heart rhythms Noun 1. heart rhythm - the rhythm of a beating heart
cardiac rhythm

regular recurrence, rhythm - recurring at regular intervals

atrioventricular nodal rhythm, nodal rhythm - the normal cardiac rhythm when the heart is controlled by the
. The company's core proprietary tachyarrhythmia tachyarrhythmia /tachy·ar·rhyth·mia/ (tak?e-ah-rith´me-ah) any disturbance of the heart rhythm in which the heart rate is abnormally increased.

tach·y·ar·rhyth·mi·a
n.
 detection, defibrillation Defibrillation Definition

Defibrillation is a process in which an electronic device sends an electric shock to the heart to stop an extremely rapid, irregular heartbeat, and restore the normal heart rhythm.
 and electrode electrode, terminal through which electric current passes between metallic and nonmetallic parts of an electric circuit. In most familiar circuits current is carried by metallic conductors, but in some circuits the current passes for some distance through a  technology platform has multiple applications, including use in external and wearable defibrillators and with standard patient monitors widely used in hospitals throughout the world.

The growth of the company's installed base provides a potential recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 revenue stream from the sale of the company's proprietary disposable defibrillator electrodes Electrodes
Tiny wires in adhesive pads that are applied to the body for ECG measurement.

Mentioned in: Electrocardiography
. For more information on Cardiac Science, visit its Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 site at www.cardiacscience.com.

This news release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such forward-looking statements include, but are not limited to, the closing of the transaction between Cardiac Science Inc. and the shareholders of Artema Medical AB, the life-saving potential of Cardiac Science's technology and the applications of the company's technology. Cardiac Science cautions that these statements are subject to substantial risks and uncertainties and are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements and should not be relied upon by investors when making an investment decision. Information on these and other factors is detailed in the company's Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ending Dec. 31, 2000, and other documents filed by the company with the SEC.

The company has filed a registration statement on Form S-4 with the SEC in connection with the offer. The company urges you to read the registration statement and any other relevant documents filed or to be filed with the SEC because they contain important information. Investors and stockholders are able to obtain free copies of these documents at the commission's Web site at www.sec.gov and upon oral or written request to Cardiac Science Inc., 16931 Millikan Ave., Irvine, Calif. 92606, Attention: Roderick de Greef, Chief Financial Officer (telephone number: 949/587-0357). You should read the registration statement carefully before making a decision concerning the transaction.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 31, 2001
Words:576
Previous Article:Aryt Industries Ltd. - Quarterly Report.
Next Article:AmSouth Internet Banking Growing Five Times Faster Than Industry Average; Free Offer Extended for Second Time After 160,000 Customers Sign Up.
Topics:



Related Articles
Cardiac Science Tenders Offer to Acquire Artema Medical.
Cardiac Science Makes a Public Offer for Artema Medical.
Cardiac Science Announces Withdrawal of Proposal to Acquire Spacelabs Medical.
FDA Notification Allows Cardiac Science to Market Its Powerheart Defibrillator for Out-of-Hospital Applications in the United States.
Cardiac Science Receives Regulatory Approval to Market Powerheart in Canada.
Cardiac Science Provides Update On Artema Acquisition; Transaction Expected to Close in Early June 2001.
Cardiac Science Hires CIBC World Markets and Adams, Harkness & Hill as Financial Advisers.
Cardiac Science Announces 2000 Year- End Results; Record Revenue of $4.2 Million and Fourth Consecutive Quarter of Revenue Growth.
Cardiac Science Announces First Quarter 2001 Results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles