HEART SCANNER COMPANY GETS ACQUIRED BY SYNCOR.Byline: Evan Pondel Staff Writer WOODLAND HILLS - Syncor International Corp. has acquired InteCardia Inc., a company that saw sales of $11 million in 2000 from outfitting out·fit n. 1. A set of tools or equipment for a specialized purpose: a welder's outfit. See Synonyms at equipment. 2. A set of clothing, often with accessories. 3. cardiologists with full body scanners and other technologies that detect heart disease. Terms of the deal were not disclosed. Mitra Mitra In Vedic Hinduism, one of the gods in the category of Adityas, or sovereign principles of the universe. He represents friendship, integrity, harmony, and all other qualities necessary to maintain order in human existence. Ramgopal, an analyst with Sidoti Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , said compared with the revenues Woodland Hills-based Syncor generates, the deal is relatively small. ``It's more of a strategic acquisition . . . a small deal, probably with some stock involved,'' Ramgopal said. InteCardia, a privately held Chapel Hill, N.C.-based company, will retain its name, but operate under Syncor's umbrella of subsidiaries. With around 80 employees, InteCardia will gain access to Syncor's financial resources and cardiology cardiology Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. relationships, said Dr. Terry Kane, president and chief executive officer of InteCardia. But for Syncor, those financial resources may be wearing thin. The company's total debt was $195.3 million at the end of the second quarter, compared with $150 million Dec. 31, 2000. Still, as the economy continues to chip away at the financial souls of publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , Syncor's quarterly results have been in line with analysts expectations, Ramgopal said. ``If you have a heart problem, you're not going to wait for the economy to turn around,'' he said. Syncor advanced 3 cents Tuesday to close at $36.57. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion