Colorado MEDtech, Inc. Announces Sale of Catheter Subsidiary.Business & Health Editors BOULDER, Colo.--(BW HealthWire)--May 8, 2001 Colorado MEDtech, Inc. (Nasdaq:CMED CMED Coordinated Medical Emergency Direction CMED Central Massachusetts Emergency Dispatch ), a Boulder, Colorado-based provider of advanced medical technology outsourcing services and medical imaging products, today announced that, effective April 30, 2001, it closed the sale of its CMED Catheter catheter /cath·e·ter/ (kath´e-ter) 1. a tubular, flexible surgical instrument that is inserted into a cavity of the body to withdraw or introduce fluid. 2. urethral c. and Disposables Technology, Inc. subsidiary for $1.3 million in cash to CardioTech International, Inc., a company that synthesizes, designs, and manufactures biocompatible biocompatible /bio·com·pat·i·ble/ (-kom-pat´i-b'l) being harmonious with life; not having toxic or injurious effects on biological function. , medical-grade polyurethanes polyurethanes (pŏl'ēy  r`əthānz), group of plastics that may be either thermosetting or thermoplastic. Polyurethane can be made into both flexible and rigid foams. for the development of grafts and other implantable devices. The sale is a part of Colorado MEDtech's strategy to focus on its core business of advanced medical technology outsourcing and medical imaging. Colorado MEDtech, Inc., through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. and operating divisions, is a leading full-service OneSource OutSource(TM) provider of advanced medical technology outsourcing, which includes development, software, medical device communications and manufacturing services, and medical imaging, which includes critical system components and ultrasound accessories. |
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