Cascade Technologies to acquire devicemaker
By Joseph Conn
Cascade Technologies Corp., Beverly Hills., Calif., a developer of diagnostic imaging systems technology, will acquire the assets of AcuNetx, Torrance, Calif., a developer of tools and systems to detect balance disorders as well as software systems to track post-market surveillance of medical devices for adverse events and outcomes reporting, according to a Cascade news release.
Cascade will offer common stock in exchange for the assets of AcuNetx. The number of shares to be exchanged and the estimated price of the offer were undisclosed.
According to the company statement, the deal is subject to further due diligence, receipt of shareholder and regulatory approvals, and negotiations of a final purchase agreement.
